Question

Coastwed is a company that sells traditional wedding accessories in the country Calpontus. Over the past 10 years, the company has been experiencing a gradual drop in its business because of fewer people opting for marriage. In the context of the general environment, this scenario best illustrates the effect of the _____ on organizations.a. technological componentb. sociocultural componentc. economic componentd. political component

Answer 1

Answer: Socio-cultural component

Step-by-step explanation:

The socio-culture component is one of the type of system in an organization that helps in embraces the various types of culture and the society concept.

The socio-culture components basically helps in constructing the holistic approach for managing the social structure, education system and the political organization.

According to the given question, the coast-west is one of the company which basically selling the various types of weeding accessories and based on the given scenario the Socio-culture component is one of the best effect that illustrating the given situation.

Therefore, Socio-cultural component is the correct answer.