This document discusses socio-cultural environment and its impact on business. It defines social environment as the social factors that affect business, as businesses operate within societies. Cultural environment refers to the beliefs and values shared by a population. Key elements of culture discussed include language, shelter, clothing, economy, religion, education, values, climate, government/laws, and entertainment. Factors that influence socio-cultural environment are also examined, such as attitudes, demographics, religion, family, language, and technology. Stages of cultural acquisition are outlined as excitement, culture shock, anomie, recovery, and assimilation or adaptation to a new culture.