The business environment

Cultural trend how attitudes and preferences change. For example, there is a cultural trend in many European countries to have smaller families. Also there is a trend for marrying later. Social class: an approximate ranking of people depending on education and job. In the UK one method is : Social classs AB: Higher & intermediate managerial, administrative, professional occupations down to Social classs DE: Semi-skilled & unskilled manual occupations, Unemployed and lowest grade occupations Good health = longer life and greater ability to work etc Wrongful dismissal = If an employer dismisses an employee and the employer acts in breach of his contractual obligations or in breach of his statutory obligations to give the employee notice. For example, if your contract of employment said that you were entitled to one month's notice and the employer gives you only one week's notice.

1.Could you give me an example of frictional unemployment? 2.What is meant by social trend?

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