The _____ Environment Sets the Basic Rules for How a Business

question 6

Multiple Choice

The _____ environment sets the basic rules for how a business can operate in society.

• A) legal
• B) social
• C) economic
• D) technical
• E) cultural

Analyze the impact of location factors on business operations and customer traffic.

Identify different types of business locations and their associated advantages and disadvantages.

Recognize the role of competition and customer base in selecting a business location.

Comprehend the significance of selecting a suitable layout for manufacturing and service businesses to optimize operations.

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Definitions:

Thirteenth Amendment

An amendment to the United States Constitution that abolished slavery and involuntary servitude, except as punishment for a crime.

Slavery

A system in which individuals are owned by others, deprived of personal freedom and forced to perform labor or services.

Fifteenth Amendment

An amendment to the U.S. Constitution that prohibits the federal government and states from denying a citizen the right to vote based on their "race, color, or previous condition of servitude."

Right to Vote

The entitlement of citizens to participate in their government's election process to choose leaders and voice opinions on legislation and policies.