INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Minimum-wage law
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Copyright laws
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Trademark law
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Zoning laws
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Detailed explanation-1: -A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making.
Detailed explanation-2: -A PESTEL analysis is a strategic framework commonly used to evaluate the business environment in which a firm operates.
Detailed explanation-3: -Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety.
Detailed explanation-4: -What is Regulatory Role of Government? Regulatory role of government involves regulation of various business and economic activities by directing the businesses with set of controls. These regulations aim to prevent concentration of power in few hands, localization of business few areas.