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Taxes and government regulations are part of the ________________ environment of business.

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User Spyridon
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5 votes

Answer: Economic and legal

Explanation:

Economic environment of business depicts about the impact on the company because of external economical behavior shown by consumers .Impact of buying and consuming of products influence the performance of the business. Tax, profit, selling price etc is the factors under economic field.

Legal environment is the behavior of government and laws towards any business process.It impacts consumer protection regulation of business, business surrounding , public interest etc through standard and guidelines.

According to the question, tax is the part of economic environment and legal environment is related with government.Thus,economic and legal guidelines are part of business environment.

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User Md Yeasin Arafat
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