Discuss the Legal and Regulatory Environment of a Business

question 46

Essay

Discuss the legal and regulatory environment of a business.How is it related to barriers to entry? What kind of legal and regulatory environment do most businesses prefer?

---

Definitions:

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

Interrelationships

The way in which each of two or more things is related to the other or others.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period of time.

Telephone Expense

Costs incurred by a business for the use of telephone services.