BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Educational system and literacy rates
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family structure
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caste and occupational structure
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None of the above
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Detailed explanation-1: -Major elements of political environment are (a) The constitution of the country (b) The nature and profile of political leadership and thinking of political personalities (c) Political ideology and practices of the ruling party.
Detailed explanation-2: -The political-legal environment is a combination of a lot of factors such as the current political party in power, the degree of politicization of trade and industry, the efficiency of the current government, government policies, current legal framework, the public attitude towards the economy, etc.
Detailed explanation-3: -The exchange rate is not a political factor because it is an economic factor.
Detailed explanation-4: -The amount of government activity, the types of laws it passes, and the general political stability of a government are three components of political climate.