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What is the primary component of the business environment that includes laws and

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Question: What is the primary component of the business environment that includes laws and regulations?

Options:

  1. Economic Environment
  2. Political Environment
  3. Social Environment
  4. Technological Environment

Correct Answer: Political Environment

Solution: 

The political environment includes laws, regulations, and government policies that affect business operations.

What is the primary component of the business environment that includes laws and

Practice Questions

Q1
What is the primary component of the business environment that includes laws and regulations?
  1. Economic Environment
  2. Political Environment
  3. Social Environment
  4. Technological Environment

Questions & Step-by-Step Solutions

What is the primary component of the business environment that includes laws and regulations?
Correct Answer: Political Environment
  • Step 1: Understand that the business environment is made up of different components.
  • Step 2: Identify one of these components, which is the political environment.
  • Step 3: Recognize that the political environment includes laws and regulations.
  • Step 4: Realize that these laws and regulations impact how businesses operate.
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