Business Studies · Political and Legal Environment
The political and legal environment significantly influences business operations. In this context, consider the following statements: Statement 1: Political stability reduces uncertainty and promotes long-term business investment. Statement 2: The legal environment includes framework legislation related to consumer protection, taxation, and corporate governance. Statement 3: Legal factors are flexible and can be easily altered or bypassed by individual firms at their will. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 31 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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