Question : Which component of business environment requires that in every packet of cigratte there must be a horrified picture and statutory warning.
Option 1: Political environment
Option 2: Legal environment
Option 3: Social environment
Option 4: Technological environment
Correct Answer: Legal environment
Solution : The management of every business enterprise has to obey the law of land. In the above case, Legal environment requires that in every packet of cigratte there must be a horrified picture and statutory warning. Hence, option 2 is the correct answer.
Question : Statutory warning of cigarette smoking is injurious to health' on the cigarette packet is an example of:
Question : Which environment deals with the study of laws and regulations affecting business operations
Question : Which environment represents the regulatory framework within which businesses operate
Question : Which environment involves the study of the relationship between businesses and the community?
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