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Identify and Discuss the Implications of Changes in the Political/legal

question 25

Essay

Identify and discuss the implications of changes in the political/legal component of the general environment facing organizations over the past decade. Give one example of a relevant recent change. What is the best way for companies to manage their legal responsibilities?


Definitions:

Goods And Services

The products and activities that satisfy human wants, available for purchase in the marketplace, including both tangible items and intangible performances.

Market Economy

An economic system where supply and demand from consumers direct the production of goods and services and determine their prices.

Goods And Services

Refers to the tangible products and intangible services that are produced and consumed within an economy.

Central Planning

An economic system in which decisions about production, investment, and distribution are made by a central authority, typically in a government.

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