"According to the weights and measures act, every eatable product should explicitly bear a green dot for vegetarian & brown dot for non-vegetarian ingredients. Which key component of the business environment is discussed in the above case. Explain.

Shivangi,

The key component of the business environment discussed in the above case is 'Legal Environment'.
Legal environment refers to the legislation and rules passed by the government such as the Companies Act, Trade union Act, etc. Knowledge of these legislation is essential for enterprises as their non-compliance can lead to legal trouble for them.