Which of the following is a key factor in the political environment of business?
Correct Answer: Tax policies
- Step 1: Understand what the political environment of business means. It refers to how government actions and policies affect businesses.
- Step 2: Identify key factors in the political environment. These can include laws, regulations, and tax policies.
- Step 3: Focus on tax policies. These are rules set by the government about how much tax businesses must pay.
- Step 4: Recognize that tax policies can affect how much money a business makes. If taxes are high, businesses keep less profit.
- Step 5: Conclude that tax policies are a key factor in the political environment because they directly impact business operations and profitability.
No concepts available.
