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When should political environment be considered while making business plans?

Answer and explanation

Correct answer: Before and during planning

Government policies, taxation, laws, political stability and regulations can affect business objectives and plans. Therefore, a business should assess the political environment before planning and keep it in view while preparing plans. Considering it only after products are sold would be too late. Exam tip: link the political environment with the impact of government policies and legal regulations.

Related tags

Business EnvironmentPolitical EnvironmentBusiness PlanningGovernment PolicyClass 12Business StudiesClass 12 Mcq

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