Social Factors Influencing Business

Question 1

What is demographics?

Answer 1

The study of people

Question 2

Demographics split people up into… (4 things)

Answer 2

• gender
• age
• income
• race

Question 3

Some social factors?

Answer 3

• equality
• improvements in workers rights
• improvements in working conditions
• increased leisure time
• changes in fashion
• higher incomes
• education
• more women working

Question 4

How is technology used in business?

Answer 4

Networking- communication
Internet - instant access to data worldwide
Wireless devices - can distribute info from all over
Cloud computing - documents etc can be stored on drives therefore, eliminates data lost

Question 5

Advantages of increased technology?

Answer 5

• improved communication
• encourages creativity (enterprise)
• improved human resources management ; can track performance, advertise, recruit easier etc
• saves time ; guarantees efficiency, reduces human error

Question 6

Disadvantages of increased technology?

Answer 6

• causes distractions
• high maintenance costs ; expensive to buy and fix
• makes employees more lazy ; lacking skills and creativity
• may effect workplace relationships