Adoption and promotion of commerce
by government comes under which
element of business environment?
a. Social
b. Political
c. Legal
d. Technological
please answer the question
Answers
Answer:
political is your answer.........
Answer: B) POLITICAL ( Adoption and promotion of commerce by government comes under Political element of business environment.)
Explanation: Political is the correct answer of this question.
1)Competition is rising. The number of participants rose across all sectors as a result of liberalisation, privatisation, and globalisation, increasing competition for everyone.
2) Clients who are more demanding Customers become more demanding as a result of having more options to choose from when buying higher-quality goods and services due to increased market rivalry.
3)Rapid technological change is item number three. Machines, processes, and services are all improved by new technology. Smaller businesses face difficult hurdles as a result of the technology environment's fast change.
4) Change Is Needed Since 1991, the market dynamics have been volatile, forcing businesses to constantly alter their business practises.
5)The necessity of building human resources People with greater expertise and greater devotion are needed given the changed market realities. Consequently, there is a need to improve human resources.
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