Taking reference to manufacturing businesses in your native town, explain the socio-economic dimensions and their effect on the business environment.
The socio-economic dimensions significantly influence the manufacturing businesses operating. The economic dimensions encompass various factors, including consumer behavior, cultural values, and economic conditions, all of which shape the business environment. The socio-economic dimensions affect the business environment in the following ways: 1. Attitude The attitudes of the local population towards manufacturing can significantly influence the … Read more