| {{course.flashcardSetCount}} The legal environment of business involves the laws and regulations to which a business is subject. Bachelor's in Business Administration - Legal Studies, Associate of Specialized Business in Legal Office Administration, Top College in Wichita for Business Training, Business Degree: Top Ranked Business School - Reno, NV, How to Become a Registered Cardiovascular Technician, Top School for a Degree in Business Administration - Pittsburgh, PA, Careers in Immigration Services: Education Requirements and Job Options, Instructional Media Design Degree and Training Program Overviews, Graphic Communication Graduate Program Options, Bachelor of Science in Holistic Health Program Overview, How the Economic and Legal Environment Affects Business, Practicing Social Responsibility and Ethical Behavior in Business, Managing the Employer-Worker Relationship, Product Distribution & Supply Chain Management, Principles of Management: Certificate Program, Introduction to Organizational Behavior: Certificate Program, Introduction to Macroeconomics: Help and Review, UExcel Business Ethics: Study Guide & Test Prep, College Macroeconomics: Tutoring Solution, Principles of Macroeconomics: Certificate Program, CLEP Principles of Macroeconomics: Study Guide & Test Prep, What is a Closed-End Fund? Anyone can earn The government has passed and enacted various Acts. When setting objectives it is very important to ensure that your objectives are; specific, measurable, achievable, realistic and time specific, or SMART for short. Business activities of a country are affected by the policies and directions, shelters and control exercised by the prevailing political system. The Divine Purpose, awesome and unimaginable, creates and sustains the universe. It also involves enforcement agencies and the judicial system. elements Measuring results The success and failure are relative to the objectives u have defined. It is also a statement of the business’s core aims, phrased in a way to motivate employees and to stimulate the interest by outside groups. On the 12th a Health Care Fair was kept for the community members. A single business may have multiple strategies for different categories of people, such as clients, investors, competitors, or employees. Quiz & Worksheet - Effects of Economic & Legal Environments on Business, Over 83,000 lessons in all major subjects, {{courseNav.course.mDynamicIntFields.lessonCount}}, Biological and Biomedical 137 lessons Tech and Engineering - Questions & Answers, Health and Medicine - Questions & Answers, Corporation is a US based steel company with a wholly owned mining subsidiary in Brazil. Communication-based objectives. In the legal environment of a business, we are looking the key areas, particularly where law changes and how legal aspects affect businesses.

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