1. Economic environment 2. Technological environment 3. Cultural environment 4. Political environment 5. Legal environment 6. Natural environment 7. Internal environment
PEST
Environmental factors affecting entrepreneurship: 1. Political environment 2. Legal environment 3. Economic environment 4. Technological environment
These include customers,competitors, suppliers, government, and the social, political, legal and technological factors etc.
what is the definition of basic legal environment
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The political legal environment is a threat because regulations can hurt a business. It is also an opportunity because regulations can improve a business' position in the market.
Components that make up the marketing environment are the competitive environment, political/legal environment, economic environment, technological environment, and social/cultural environment.
A 'political legal environment' is the system of government instituted by each country's central government. Think of the differences between the US-UK-German governments; all are democracies, but their governments are elected, govern, and are replaced in different ways.
Competitive, political-legal, economic, technological and social-cultural
1. Economic environment 2. Technological environment 3. Cultural environment 4. Political environment 5. Legal environment 6. Natural environment 7. Internal environment
PEST
Environmental factors affecting entrepreneurship: 1. Political environment 2. Legal environment 3. Economic environment 4. Technological environment
These include customers,competitors, suppliers, government, and the social, political, legal and technological factors etc.
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These include customers,competitors, suppliers, government, and the social, political, legal and technological factors etc.