Question

The government of Filvia has mandated that the standard minimum wage in the country be increased to $8,000 per year. This has ensured that all firms in the country pay their employees at least $8,000 per year, which has brought about a higher standard of living for the people of Filvia. Which of the following factors in a firm's general environment does this mandate best indicate?
a. ecological factors
b. sociocultural factors
c. technological factors
d. legal factors

Answer 1

Answer: Legal Factors.

Explanation:

The new minimum wage passed by the government of Filvia, would contribute to the legal factors that a Firm would have to meet if they are to operate in that country. The legal factors are the guidelines the law of a country gives to businesses operating there.