Question

Fabtabtix, a designer clothing brand, has been selling clothes in the country of Grolania for over 30 years. With more number of people becoming fashion-conscious, the sale of designer wear has increased. As a result, Fabtabtix's business has been rapidly growing over the past few years. In the context of the general environment, this scenario best illustrates the effect of the ___________ on organizations.

Answer 1

Answer:

Sociocultural Component.

Explanation:

The general environment refers to the non-specific elements of an organization’s surrounding that might affect the organization indirectly.

These external forces are:

- Political.

- Economic.

- Technological.

- Socio-cultural. There are some important socio-cultural factors that organizations must analyze. These factors play an important role because they determine the kind of goods, services and standards that society values. The socio-cultural force includes the demographics and values of the particular customer base.

The demographics and values considered are: • Age • Population density • Education levels • Geographical distribution • Culture • Lifestyle