Final answer:
A business can have both positive and negative impacts on a community, providing jobs and economic stimulation while also potentially causing environmental and social disruptions.
Step-by-step explanation:
The impact a business has on a community can be both positive and negative. Positive impacts, or positive externalities, include job creation, stimulating local economies, and contributing to community development. On the other hand, businesses can also create negative externalities such as environmental damage, job displacement due to automation or relocation, and increased noise or pollution. The sociological impact of businesses can indeed be profound, contributing to significant changes in the fabric of communities as seen in the closure of brick-and-mortar stores due to digital shifts or the transition from manufacturing to 'Rust Belt' status due to industrial decline.