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Government's positive attitude towards trade is part of which environment?

Answer and explanation

Correct answer: Political environment

The governing concept is the political environment of business. It refers to the influence of the government, political institutions, public policy and the general attitude of authorities toward business and trade. A positive government attitude may be reflected in encouragement of trade, easier approvals, supportive policies or a more favourable administrative approach. Hence option C is correct because the clue is the government’s attitude toward trade. Social environment concerns customs, values and demographic behaviour; natural environment concerns physical resources and climate; technological environment concerns methods, machines and innovation. These may affect trade, but none directly identifies the government’s policy attitude in this question.

Related tags

Business-EnvironmentPolitical-EnvironmentTrade-PolicyClass-12Political EnvironmentBusiness EnvironmentBusiness StudiesClass 12 Mcq

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