Which statement defines Political-Legal Environment in which a Firm must operate:   Question 21 options:   a)  An environment that constitutes any national or international political factors that can affect the operations of a Firm in a host market.   b)  A Nations Laws and regulations pertaining to business that also influence the operations of the foreign firm.   c)  Entry restrictions (e.g. exporting, licensing, acquisition, strategic alliance etc.)   d)  Trade barriers (e.g. tariffs, quotas etc.)    e)  The Legal Environment constitutes the "rules of the game" and Political Environment determines how the Laws are enforced ("how the game is played") and may indicate direction of new legislations.   f)  Actions or policies by a government that may adversely affect a Firm's operations and profits (e.g. confiscation, expropriation, or nationalization etc.)   g)  All of the above factors are parts of the Political-Legal Environment definition.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Which statement defines Political-Legal Environment in which a Firm must operate:

 

Question 21 options:

 

a) 

An environment that constitutes any national or international political factors that can affect the operations of a Firm in a host market.

 

b) 

A Nations Laws and regulations pertaining to business that also influence the operations of the foreign firm.

 

c) 

Entry restrictions (e.g. exporting, licensing, acquisition, strategic alliance etc.)

 

d) 

Trade barriers (e.g. tariffs, quotas etc.) 

 

e) 

The Legal Environment constitutes the "rules of the game" and Political Environment determines how the Laws are enforced ("how the game is played") and may indicate direction of new legislations.

 

f) 

Actions or policies by a government that may adversely affect a Firm's operations and profits (e.g. confiscation, expropriation, or nationalization etc.)

 

g) 

All of the above factors are parts of the Political-Legal Environment definition.

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