Political and Legal Forces
Political Forces
Définition :
Political forces refer to the role of government in shaping business conditions.
They influence:
market entry
foreign investment
trade policies
Fondamental :
Political stability reduces risk, while instability increases uncertainty.
Exemple : Examples of political factors:
government stability
trade agreements
tariffs and quotas
nationalization
Legal Forces
Définition :
Legal forces include laws and regulations governing business activities.
Fondamental :
Legal systems differ across countries and affect:
product standards
advertising
competition
consumer protection
Exemple : Uber Legal Challenges
Uber faced restrictions in several countries due to non-compliance with local regulations.
This shows that legal adaptation is mandator
