An increase in marketing to Hispanic consumers and an expected increase in health care spending in the united states are examples of social factors impacting the business environment
This is further explained below.
Generally, A problem that is shared by a significant number of members of a society is referred to be a social issue. It is a collection of issues that are prevalent in today's society and ones that many individuals are working to find solutions for. It is often the result of variables that are beyond an individual's ability to manage them.
In conclusion, Examples of social issues that are influencing the business environment include a rise in marketing directed at Hispanic customers as well as a predicted increase in the amount of money spent on health care in the United States.
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