BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The legal environment includes the laws passed by the government as well as the decisions rendered by the various commissions and agencies at every level of the government. It’s important that every business must function according to the law of the area in which it wishes to operate.

Detailed explanation-2: -The legal environment includes various laws like Companies Act 2013, Consumer Protection Act 1986, Policies relating to licensing & approvals, Policies related to foreign trade etc.

Detailed explanation-3: -Legal Environment: It constitutes the laws and legislations passed by the Government, administrative orders, court judgments, decisions of various commissions and agencies. Businessmen have to act according to various legislations and their knowledge Very necessary.

Detailed explanation-4: -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.