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प्रश्न
Distinguish between the following.
Political Environment and Legal Environment.
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उत्तर
| Sr no. | Aspect | Political Environment | Legal Environment. |
| 1. | Meaning | Refers to the influence of the political system, government policies, stability, and political parties on business activities. | Refers to the framework of laws, rules, and regulations under which business is established, operated, and controlled. |
| 2. | Factors | Stability of government, ideology of ruling party, policies of leaders, foreign policy, taxation policies, etc. | Business laws, labor laws, consumer protection laws, environmental regulations, company law, etc. |
| 3. | Interrelation | Closely linked with the economic environment, political decisions often shape business policies. | Closely linked with the regulatory environment, laws provide the structure for smooth functioning of businesses. |
| 4. | Impact on Business | Political ideology and stability influence investment, confidence, and growth of businesses. | Legal provisions provide protection, control, and direction to business operations. |
| 5. | Purpose | Ensures stability, security, and a favourable climate for business and investors. | Ensures justice, protection of rights, and fair practices among business organisations, workers, and consumers. |
| 6. | Effect of Changes | Political instability, policy changes, or unrest negatively affect business confidence and growth. | Frequent changes in laws, strict controls, or excessive regulations may increase costs and create hurdles for business development. |
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संबंधित प्रश्न
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Social trends provide business opportunities.
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Adequate knowledge of rules and regulations is essential for better business performance.
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Which of the following best indicates the importance of the business environment?
Why it is important for business enterprises to understand their environment?
Which of the following points state that success of a business is significantly influenced by its environment?
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From the following points, identify the importance of Business-Environment high lighted above:
Mr. Vivek is working as the General Manager of Oshin Hotels Ltd. Mr. Vivek observed that Government was taking a special interest in the Tourism industry as this sector is an important source of foreign exchange and employment promotion. On the basis of this news, the company decided to set up hotels at several tourist places. Oshin Hotels Ltd. established 50 hotels before other companies considered this issue. Very soon, this brand Oshin Hotels Ltd. became well known in the market. Identify the importance of business environment described here.
An awareness of business environment enables an enterprise to take advantage of early opportunities instead of losing them to competitors.
Which benefit of understanding the business environment is highlighted in the above statement?
Which of the following is considered an external factor in the business environment?
What is the main benefit for businesses that understand the factors in their environment?
Which aspect helps a company compete effectively with other firms?
Using a weather app to plan activities is similar to which business environment concept?
