____________ forces regulate the values, norms, mores, and customs of society.
A) Economic environment
B) Political-Legal environment
C) Socio-cultural environment
D) Micro environment

Question

Quizplus · Accepted Answer

The socio-cultural environment includes the societal and cultural forces that can influence the values, norms, mores, and customs of society. Examples include beliefs, attitudes, practices, and customs related to gender, race, religion, education, family, and other aspects of social life. The economic environment focuses on economic factors like supply and demand, inflation, and recession that can affect the business and its performance. The political-legal environment refers to laws, regulations, and government policies that can influence business operations. The micro environment includes the company's suppliers, customers, competitors, and other stakeholders who can impact the performance of the business.

____________ Forces Regulate the Values, Norms, Mores, and Customs of Society