Distinguish between the following
Political Environment and Legal Environment.
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Political parties are important channels for political representation.
This statement is True. Political parties serve as the primary channels of political representation. In democracies, parties seek to obtain power through elections. Members of various parties contest elections as candidates...
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___________ is considered a major element of the political environment: a The extent and nature of government intervention in business, b. planned out
Correct Answer - a The extent and nature of government intervention in business
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Explain the following terms /concept : Political environment.
1. Government and its policies affects business firms. 2. It includes stability and peace in the country, specific attitudes of elected representative. Ideology of the political parties influences the business organization...
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Social Environment and Economic Environment
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Political Environment.
Political dimensions or environment includes the country’s political system or its ideologies or condition i.e. dictatorship or democracy or communist government or socialistic government. It indicates the general stability and...
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Distinguish between: Legal Tender Money and Non-Legal tender Money.
Legal Tender Money Non-Legal Tender Money (i) Legal Tender Money is the money that is backed by law and refusal to accept will be punishable by law. (i) Non-legal tender money is the...
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Match the pair: Internal Environment, Social Environment, Political Environment, Economic Environment
Part A Part B (a) Internal Environment (2) Value System (b) Social Environment (5) Customs and Traditions (c) Political Environment (1) Stability and peace in the country (d) Economic Environment (3) Monetary Policy (e) Legal Environment (4) Indian Contract Act, 1872...
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The environment of business which regulates and controls within the legal framework of a country
Legal environment
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Factors like climate, minerals, soil, river, etc. are elements of political environment.
Factors like climate, minerals, soil, river, etc. are elements of natural environment.
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GST is part of political environment.
GST is part of legal environment.
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