Coastwed is a company that sells traditional wedding accessories in the country Calpontus. Over the past 10 years, the company has been experiencing a gradual drop in its business because of fewer people opting for marriage. In the context of the general environment, this scenario best illustrates the effect of the _____ on organizations.

Question

Quizplus · Accepted Answer

The decline in business for Coastwed is due to the sociocultural component of the general environment. Sociocultural factors refer to the beliefs, values, attitudes, and behavioral patterns of a society, and in this case, fewer people opting for marriage suggests a shift in societal attitudes towards marriage.

Coastwed Is a Company That Sells Traditional Wedding Accessories in the Country