BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Government systems, political stability, trade barriers, and business regulations refer to which factor of the international business environment?

A	geographic
B	economic
C	political and legal
D	cultural and social

Explanation:

Detailed explanation-1: -An International Business Environment (IBE) involves different aspects like political risks, cultural differences, exchange risks, and legal and taxation issues.

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: -Other political factors that affect business activities include political stability (or lack of stability), discrimination laws, and freedom of speech. Political environments can be unstable due to the impending government regulations and policies.

There is 1 question to complete.