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Which example shows legal environment affecting both price and product decisions of a company?

Answer and explanation

Correct answer: Law fixes price limit and quality standard of an essential medicine

Price limit and quality standard both change business decisions. In exams, see multiple effects of one law.

Related tags

Business-EnvironmentLegal-EnvironmentClass-12HardLegal EnvironmentBusiness EnvironmentBusiness StudiesClass 12 Mcq

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