Question : Which of the following is a component of the international business environment
Option 1: Government regulations
Option 2: Social customs
Option 3: Technological advancements
Option 4: Cultural values
Correct Answer: Government regulations
Solution : The correct answer is (A) Government regulations
Government regulations in different countries can significantly impact the operations, trade, and investment activities of international businesses. Regulations related to trade policies, tariffs, customs procedures, intellectual property rights, labor laws, and environmental regulations are examples of government regulations that affect international business.
Question : The legal environment of business includes factors related to:
Option 1: Social attitudes and customs
Option 2: Government regulations and laws
Option 4: Economic conditions
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