wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

'Pan Masala chabana swasthya ke liye hanikarak hai'. This statutory warning is compulsory to be mentioned on the labels of the product.

Identify and discuss the environment, which is associated with this example.

Open in App
Solution

Legal environment is associated with above stated example. It includes various legislation passed by the government, court judgments, decisions of various commissions and agencies at every level of administration.

Non-compliance of these regulations can create legal problem for business enterprises. A number of laws have been implemented by the government through the enactment of the Companies Act, Foreign Exchange Management Act, Factories Act, etc.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Legal Environment
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon