A regulatory agency is most likely a part of which environmental component faced by a business firm?
A)Customer component
B)Social/political component
C)Supplier component
D)Competitor component
E)Technological component

Question

Quizplus · Accepted Answer

Regulatory agencies are government bodies responsible for creating and enforcing regulations and laws related to business operations. Therefore, they are a part of the social/political component of the business environment.

A Regulatory Agency Is Most Likely a Part of Which