Question:
”The extent and nature of government intervention in business” is Dimension of business environment.
”The extent and nature of government intervention in business” is Dimension of business environment.
Updated On: Mar 27, 2025
- Economic
- Social
- Legal
- Political
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The Correct Option is D
Solution and Explanation
The political dimension of business refers to the influence of government policies, regulations, and political stability on business operations. This dimension includes factors such as government intervention, the legal framework, taxation policies, and political decisions that can impact how businesses function, make decisions, and interact with other stakeholders. Understanding the political environment is crucial for businesses to navigate risks and opportunities effectively.
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