The sociocultural component of the general environment refers to the knowledge, tools, and techniques used to transform inputs into outputs.

Question

Quizplus · Accepted Answer

The sociocultural component of the general environment refers to factors such as cultural norms, values, beliefs, and attitudes that can impact business practices and consumer behavior. It does not refer to knowledge, tools, and techniques used for production processes.

The Sociocultural Component of the General Environment Refers to the Knowledge