Which dimension of the business environment includes legislation passed by the government, court judgments etc.? |
Political Environment Social Environment Economic Environment Legal Environment |
Legal Environment |
The correct answer is Option (4) → Legal Environment The dimension of the business environment that includes legislation passed by the government and court judgments is the Legal Environment. This dimension encompasses all the laws, regulations, and legal rulings that a business must adhere to. It sets the framework for how a company operates, from how it can be formed and dissolved to how it interacts with its employees, customers, and competitors. |