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Which of the following would appear on an income statement of both a retailer and a manufacturer?
Legal System
The comprehensive framework of rules, codes, processes, and institutions that govern a society and regulate individual and collective behavior.
External Environment
Encompasses all outside factors and influences that impact the operation and success of a business, including economic, legal, political, and social conditions.
Regulations
Rules or directives made and maintained by an authority to regulate behavior, typically in the context of industries or public services.
Legal Factors
Elements within the regulatory environment that affect businesses, including laws, regulations, and legal systems.
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