BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -“The nature of the relationship of our country with foreign countries”, is a major element of Political environment of the Business Environment. Explanation: The Political environment incorporates general stability of the government, harmony in the nation, philosophy of the government and so on.

Detailed explanation-2: -The political environment in international business consists of a set of political factors and government activities in a foreign market that can either facilitate or hinder a business’ ability to conduct business activities in the foreign market.

Detailed explanation-3: -The political environment is related to the business environment including all the rules and regulations, laws and the role of government in the day-to-day operations of organizations. The business political environment refers to the political or governmental actions that affect business operations.

Detailed explanation-4: -Political Environment in International Business The political environment means the political risk, the government’s relationship with a business, and the type of government in the country. Conducting business internationally implies dealing with different kinds of governments, levels of risk and relationships.

Detailed explanation-5: -Political Environment in International Business There are many different types of political systems, for example, multi-party democracies, one-party states, constitutional monarchies, dictatorships (military & non-military).