How can I differentiate between political and legal environment in case study questions? Explain both with the help of suitable extracts from various case study questions.
Shrivathsan,
Answer given by Srikar is correct. Political environment basically consists of the components like government attitude towards business, country's constitution, policies of government etc. On the other Legal environment has aspects like laws, legislative acts, legal policies etc.
You can refer to the following links to understand in a better way.
https://www.meritnation.com/ask-answer/question/what-is-the-main-difference-between-political-and-legal-envi/business-environment/6929259
You can always refer to our revision notes for more examples of the political and legal environment under the topic 'Dimensions of Business Environment'. Refer to the following link to view the same.
https://www.meritnation.com/cbse/class12-commerce/revision-notes/business-studies/principles-and-functions-of-management/business-environment/682_3721
Answer given by Srikar is correct. Political environment basically consists of the components like government attitude towards business, country's constitution, policies of government etc. On the other Legal environment has aspects like laws, legislative acts, legal policies etc.
You can refer to the following links to understand in a better way.
https://www.meritnation.com/ask-answer/question/what-is-the-main-difference-between-political-and-legal-envi/business-environment/6929259
You can always refer to our revision notes for more examples of the political and legal environment under the topic 'Dimensions of Business Environment'. Refer to the following link to view the same.
https://www.meritnation.com/cbse/class12-commerce/revision-notes/business-studies/principles-and-functions-of-management/business-environment/682_3721