The economic,sociocultural and legal-political environments are subdivisions of the international environment.

Question

Quizplus · Accepted Answer

The economic, sociocultural, and legal-political environments are indeed subdivisions of the international environment. This environment refers to all the external factors that can impact a business operating in a foreign country or engaging in international trade. Within this environment, there are various elements that must be considered, including economic conditions, social and cultural norms, and legal and political systems. These factors can all contribute to the overall success or failure of a business in the global marketplace.

The Economic,sociocultural and Legal-Political Environments Are Subdivisions of the International