Social Studies

Question

Taxes and government regulations are part of the ________________ environment of business.
a. political / legal
b. competitive
c. social
d. technological

2 Answer

  • political\legal is the right one
  • Answer:

    Taxes and government regulations are part of the political/legal environment of business.

    Explanation:

    Businesses do not operate alone but within an environment that both influences and constraints them. This environment is composed of different environments such as social, economic, industry and political/legal environment.

    The political/legal environment refers to the political climate of a country but also the type of laws and regulations that it imposes on businesses that operate on its ground; taxes are an example of these regulations.

NEWS TODAY