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Class 12 Business Studies Business Environment Legal environmentHard

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In which situation will legal environment become both opportunity and threat for business?

Answer and explanation

Correct answer: New quality standards remove non compliant firms and give market to compliant firm

Law can be an opportunity for compliant firms and a threat for others. In exams identify dual effects of legal change.

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Business-Environment Legal-Environment Class-12 Hard Legal Environment Business Environment Business Studies Class 12 Mcq

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