Laws and regulations of various governments and their ongoing development and change are part of all organizations' external environment.Which type of factors are they an example of?

Question

Quizplus · Accepted Answer

Laws and regulations of governments are examples of political and legal factors in a company's external environment, which can have a considerable impact on a business's operations, decision-making, and profitability. Economic investment, research and development, and competition are other types of external factors that a company might encounter, but they aren't directly related to laws and regulations.

Laws and Regulations of Various Governments and Their Ongoing Development