Q.4) Change in taxes is part of 1 point O Economic Environment O Political Environment O Legal Environment O Social Environment
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Change in taxes is a part of the Economic Environment
- It relates to all external financial elements that have an impact on how consumers and firms buy commodities and, as a result, how well a firm runs.
- These variables might be big or minor and are frequently out of a company's control.
- They also have a significant influence on how the company may function in its own country and collaborate with enterprises in other nations.
- Taxes are considered under the economic environment aspect and are one of the macroeconomic factors.
- A change in the rate of taxes or any other policy related to taxes directly affects the firm.
- Some other factors include - Savings, Inflation, Currency exchange rate, employment etc.
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