BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Political environment
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Social environment
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Legal environment
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Economic environment
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Detailed explanation-1: -Political environment includes political conditions such as general stability and peace in the country and the attitude of elected government towards business.
Detailed explanation-2: -The political environment can be studied in terms of central government, a country’s citizens, rules and regulations or international relations. Examples of political factors associated with a country’s central government are the level of bureaucracy, corruption, and government stability [2].
Detailed explanation-3: -The exchange rate is not a political factor because it is an economic factor.
Detailed explanation-4: -For example, political policies and legislation influence and control the economy, impacting business operations. Other political factors that affect business activities include political stability (or lack of stability), discrimination laws, and freedom of speech.