Question

relevance of political environment analysis in modern business​

Answer 1

The following are the relevance of political environmental analysis in modern business

1. Easy to adapt changes
2. Adapt govt policies
3. Can avail subsidies if applicable
4. Avoidance of legal consequences
5. Improve functioning of business
6. Proper maintaining of account

Answer 2

Answer:

BUSINESS - The term 'BUSINESS' create the understanding of producing goods and services and rendering them to potential customers.

Business is affected by several factors within the firm and outside of the firm .

POLITICAL FACTORS are the foremost factor which impacts the business in ways.

RELEVANCE OF POLITICAL FACTORS -

ECONOMICAL STABILITY - The government of the country impacts its business in several manners like taxation policies, quotations, etc.

TYPE OF MARKET - The government has a huge role in creating a market in the country and its nature.  The market is described as Mixed, Socialistic and Market economy.