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Question
Which of the following dimensions of Business Environment includes legislations passed by the government administrative orders issued by government authorities?
Options
Technological Environment
Social Environment
Legal Environment
Economic Environment
MCQ
Solution
Legal Environment
Explanation -
The legal environment is made up of laws and regulations enacted by Parliament that govern how businesses must function. Business must abide by all of the laws and regulations that govern this environment in order to exist and flourish.
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Dimensions of Business Environment
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