Which of the following is an example of a political factor in the business environment?
Practice Questions
1 question
Q1
Which of the following is an example of a political factor in the business environment?
Consumer preferences
Tax policies
Technological advancements
Market demand
Tax policies are a political factor that can significantly impact business operations and profitability.
Questions & Step-by-step Solutions
1 item
Q
Q: Which of the following is an example of a political factor in the business environment?
Solution: Tax policies are a political factor that can significantly impact business operations and profitability.
Steps: 5
Step 1: Understand what a political factor is. Political factors are elements that come from government actions and policies that can affect businesses.
Step 2: Identify examples of political factors. Common examples include tax policies, regulations, trade restrictions, and government stability.
Step 3: Focus on tax policies. Tax policies are rules set by the government about how much tax businesses must pay.
Step 4: Recognize the impact of tax policies. These policies can affect how much profit a business makes and how it operates.
Step 5: Conclude that tax policies are indeed a political factor in the business environment.
