BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Relaxation or removal of strict rules and regulations is a part of
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Liberalisation
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Globalization
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Privatization
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All of the above
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Explanation:
Detailed explanation-1: -Liberalization refers to relaxation of government restrictions usually in areas of social and economic policies. It refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprises.
Detailed explanation-2: -Imposition of tariff barriers is not included in liberalization.
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