The legal environment is important to business so that a business runs smoothly. If a business, especially a large one, has no legal department, they are much more open to problems.
* Describe the basic environments (legal, social, economic) in which a business operates.
The importance of political environment in a business setting is the regulation of the business. Sometimes the government needs to regulate a business to make sure all customers of that business are treated fairly. Regulations are also in place to make sure the business pays appropriate taxes and obeys government regulations that protect the environment.
The importance of business plan is that a person can able to determain which business may give out more profit in that environment and social activities,and its advantage is that they able to mantain thier scarcity.
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of what relevance is the knowledge of business environment
the relevance of computer to business environment
* Describe the basic environments (legal, social, economic) in which a business operates.
so you can run your business.
The importance of political environment in a business setting is the regulation of the business. Sometimes the government needs to regulate a business to make sure all customers of that business are treated fairly. Regulations are also in place to make sure the business pays appropriate taxes and obeys government regulations that protect the environment.
the set of rules and regulations to be abiding by law stimulating and surrounding the business is knoen as legal environment
We study the legal environment of business to understand the laws and regulations that govern business activities, ensure compliance with legal requirements, minimize legal risks and liabilities, and protect the rights and interests of all stakeholders involved in business transactions. Understanding the legal environment also helps businesses make informed decisions, mitigate legal conflicts, and operate ethically within the boundaries of the law.
The political legal environment is a threat because regulations can hurt a business. It is also an opportunity because regulations can improve a business' position in the market.
Legal factors in a business environment include: government regulations, contracts and agreements with business partners and employee labor laws. Businesses must abide by all laws to avoid being find or sued.
The importance of business plan is that a person can able to determain which business may give out more profit in that environment and social activities,and its advantage is that they able to mantain thier scarcity.
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Robert Neil Corley has written: 'Fundamentals of business law' -- subject(s): Commercial law 'Instructor's manual to accompany The legal environment of business' 'The legal and regulatory environment of business' -- subject(s): Trade regulation
Business plan enables you to easily foresee what you are doing and where are you going. When problems occurs, you can easily solve it. You can be more flexible when changes occurs in the environment.