What do you think is the socio - economic impact of business to Consumers ?

The answer is below

Explanation:

The socioeconomic impact of Business to Consumers can be vast, positive, and negative at the same time, it all depends on some variables including the marketing and advertisement strategies, history of the firm or industry sectors, etc.

Hence, the socio-economic impact of business on consumers are:

1. Products and services provided by businesses are utilized by the consumers

2. Good business practices encourage consumers to spend their income on the products and services provided.

3. Competition between businesses leads to manufacturers producing goods and services at cheaper rates possible to consumers

4. Business products and services influence the consumption rates and attitude of consumers such as dress sense, gadgets ownership, etc, among consumers.

commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds