Question

The government has enacted laws that promote both fair trade and competition byprohibiting the formation of monopolies or alliances that would damage a competitive marketplace, fostering fair pricing practices for all suppliers and consumers. These actions are part of the ________ environment of business.
A. communication
B.political/regulatory
C. Constitutional
D. social
E. technological

Answer 1

Answer: (B) political/regulatory

Explanation:

 The political and the regulatory environment is basically related to the political stability and the enforcement of various type of regulation. The government enacted  various laws that support various foreign business and the investment operations.

The political and the regulatory environment involve the level of the inequalities in the foreign an the domestic interests. The government also promoted various trade fairs and the competitions and these actions are the part of political /regulatory environment of the business.