Explain How the Social Environment Can Affect Business

question 22

Essay

Explain how the social environment can affect business.

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Definitions:

Profit Center

A branch or division of a company that is responsible for generating its own revenue and profit.

Departmental Salary Expenses

Costs attributed to employee salaries within specific departments of an organization.

Direct Expenses

Costs that are directly traceable to the production of a specific good or service.

Department

A specialized functional area within an organization that focuses on specific tasks or responsibilities.