Restrictions imposed by the government, such as export quotas on certain products, are a part of the ________ environment of the pestel framework.

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wehack2908 wehack2908

13-09-2022
Business

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Restrictions imposed by the government, such as export quotas on certain products, are a part of the ________ environment of the pestel framework.

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khuranashilpa76 khuranashilpa76 · Answer 1 · 2022-09-17T14:46:27-04:00

Restrictions imposed by the government, such as export quotas on certain products, are a part of the political environment of the pestel framework.

The political environment includes political conditions such as the overall stability and peace of the country and the attitudes of elected governments towards business. A stable political system can make business-friendly decisions that encourage local businesses and attract foreign investors.

The political environment is the state, government, and its agencies and laws, and the public and private stakeholders who operate, interact with or influence the system. For a company to be successful, the political atmosphere must be good and very stable. 3 Aug 2021

The social and political environment analyzes the social meaning and legitimacy of business and defines its rights, obligations, and objectives. She understands managerial activity as an effort of a political nature in the art sense to advocate for the fair organization of things in an organization and its environment.

Learn more about the political environment here:

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