International Business Awareness: Political Environment

False (B)

Political factors influence regulations, policies, and the overall operating environment for businesses.

<p>Economic</p> Signup and view all the answers

<p>Social = Trends in society that affect consumer behavior Technological = Improvements and innovations in technology Economic = Measures related to GDP and inflation Political = Government policies and regulations</p> Signup and view all the answers

<p>Corporation (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Lobbying government officials or political parties.</p> Signup and view all the answers

<p>Economic factors (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>They should enter during the break.</p> Signup and view all the answers

<p>macro-economic</p> Signup and view all the answers

<p>S = Social factors affecting consumer behavior T = Technological advancements impacting production E = Economic conditions influencing market stability P = Political landscape influencing regulations</p> Signup and view all the answers

<p>To negotiate better terms and understand market conditions (B)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>It means understanding the implications and meanings behind economic news.</p> Signup and view all the answers

<p>Legislative function (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>The right to seek to influence government thinking and behavior.</p> Signup and view all the answers

<p>executive</p> Signup and view all the answers

<p>Lobbying = Seeking to influence government decisions Corruption = Taking gifts for favors Legislature = Body that makes laws Executive Branch = Implements and enforces laws</p> Signup and view all the answers

<p>They can lead to corruption. (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>They are interrelated and dependent on each other.</p> Signup and view all the answers

<p>Freedom from coercion (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>United States</p> Signup and view all the answers

<p>universal</p> Signup and view all the answers

<p>Control over the media (D)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>To articulate sectional interests and influence government policy.</p> Signup and view all the answers

A framework used to analyze the external environment of a country or region, covering political, social, economic, environmental, and technological factors.

The use of government spending and taxation to influence the economy.

The use of interest rates and money supply to influence the economy.

The rate at which the general price level of goods and services rises in an economy.

The total value of goods and services produced in a country in a given period.

The rate at which one currency can be exchanged for another.

The process of creating goods and services.

The process of acquiring and using goods and services.

The political context within which businesses operate, encompassing government policies, regulations, tax policies, and corruption.

The factors and trends in society, demographics, lifestyles, education, and cultural attitudes that influence consumer behavior.

Technological advancements, automation, research and development, and the impact of technology on businesses.

Economic indicators such as GDP growth, GDP per capita, inflation, taxation, government spending, and consumption.

Environmental protection laws, sustainability practices, and the impact of business activities on the environment.

The process of resolving conflicts and making decisions in the interest of stakeholders such as companies, voters, and NGOs.

Individuals involved in political processes and decision-making.

The impact of political factors, such as government policies and regulations, on the business environment.

A system where citizens have the right to vote and elect representatives to make decisions on their behalf.

A system of government where power is exercised by institutions like parliaments, cabinets, or committees.

A system where a single ruling family controls the country, often a kingdom or a similar structure.

A system where the government is based on the consent of the governed, emphasizing principles like liberty, equality, and fraternity.

A system where individuals can choose their own leaders through regular elections, with rights like free speech and a secret ballot.

Organized groups that try to influence government policy through lobbying and advocacy.

Groups that seek to influence government decisions through direct lobbying, often representing specific interests.

Factors that affect business operations, including taxes, regulations, and political stability.

The branch of government responsible for making, amending, or replacing laws. Examples include Congress in the US or Parliament in the UK.

The branch of government responsible for putting laws into effect. Examples include the president or Prime Minister and their cabinet.

The branch of government responsible for interpreting and applying laws. Supreme Court and other courts are part of this branch.

The primary goal of a business is to generate profit. Companies seek to create and deliver products or services that people value and are willing to pay for.

The primary goal of a government is to ensure stability and promote growth within its jurisdiction. This includes providing essential services like healthcare, education, and infrastructure, while also maintaining order and security.

Lobbying is the act of influencing government decisions on behalf of a particular interest group. Businesses and organizations use lobbyists to advocate for policies that benefit their interests.

Corruption refers to dishonest or fraudulent conduct by those in power, often involving bribery, embezzlement, or abuse of power for personal gain. It undermines trust in government and institutions.

Local politicians are often more susceptible to corruption than those at higher levels, as they may have fewer checks and balances on their power.