Read the following statements and choose your correct answer.

Assertion: The political environment has immediate and great impact on the business transactions and therefore it is imperative for the business to scan this environment carefully.
Reasoning: The businessman has to make changes to in the organisation in accordance with the changing political environment.

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.
The political environment does indeed have an immediate and significant impact on business transactions, and it is crucial for businesses to carefully scan this environment and businessmen have to make changes to the organization in accordance with the changing political environment. While changes may be necessary, it is imperative for businesses to scan the political environment carefully. Adaptations may be required, but the essential point is the awareness and understanding of political factors that can affect business operations.