Question : Which environment involves the study of the relationship between businesses and the government
Option 1: Legal environment
Option 2: Political environment
Option 3: Social environment
Option 4: Economic environmentrrow money.
Correct Answer: Political environment
Solution : The answer is (B) Political environment.
The political environment refers to the laws, regulations, and policies that are created by the government. It also includes the political climate, which is the general attitude of the public towards the government and its policies. The political environment can have a significant impact on businesses, as it can affect their ability to operate, their profitability, and their reputation.
The social environment refers to the customs, values, and beliefs of the society in which a business operates. The social environment can also have a significant impact on businesses, as it can affect their marketing strategies, their product development, and their employee relations.
The economic environment refers to the overall economic conditions in a country or region. It includes factors such as inflation, interest rates, and GDP growth. The economic environment can also have a significant impact on businesses, as it can affect their sales, their profits, and their ability to bo
