Question : Which of the following factors is part of the political environment
Option 1: Technological advancements
Option 2: Income distribution
Option 3: Government regulations
Option 4: Cultural beliefs
Correct Answer: Government regulations
Solution : The correct answer is (C) Government regulations
The political environment refers to the influence of political institutions, policies, and actions on organizations and business activities. Government regulations, laws, and policies play a significant role in shaping the business landscape and determining the operating conditions for organizations. These regulations can cover various areas such as labor laws, environmental regulations, tax policies, trade policies, and industry-specific regulations. Compliance with government regulations is essential for businesses to ensure legal and ethical operations.
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