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Question
Which of the following statements is true with respect to political environment?
Options
It include the social forces like customs and traditions, values, social trends, society's expectations from business, etc.
It includes forces relating to scientific improvements and innovations.
It includes political conditions such as general stability and peace in the country.
None of the above
MCQ
Solution
It includes political conditions such as general stability and peace in the country.
Explanation -
The political environment is the result of a mix of beliefs promoted by various political parties. It includes political conditions such as the country's overall stability and peace, as well as the elected government's political attitude toward business.
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Dimensions of Business Environment
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