Asmita Bhatta

  Unit: 3 Environment Regulations/ Legal Environment   # Concept of Business Law         The rule of conduct or procedure established by custom, agreement or authority is Business Law. A business has to follow law of country. Business manager should have the knowledge of law that have the direct bearing own the business activities . Business laws are the source of opportunities and threat.   # Purposes of Business Law -         To protect the rights of the business as well as consumer. -         To encourage the business to follow ethical practices. -         To develop the business in a sustainable way. -         To enhance the contribution of the business sector towards national development.       # Company Act, 2074        ...

  Chapter: 2 Political Environment   # Concept of Political Environment           The Political Environment of business may be defined as the sum total of the political events and condition that have direct or indirect bearing on its growth development of business. All the business activities are influenced by political activities. So, the manager/management should deeply study, the politics environment to achieve the organizational goals.   # Components of Political Environment           Political Environment is wider in nature. It includes various components which are mentioned below: 1)   Political Ideology : The political environment refers to the government actions which affect the operations of a business. These actions may be local, regional, national or international level. The important types of political ideology that exist in the world are: a)  ...

  Chapter: 1 Business Environment   # Concept of Business Environment           Business Environment refers to the set of all business condition that have direct and indirect bearing on the growth and development of the business. In other words, business environment is the aggregate of all conditions, events and influences that surrounded and affect the business. The factor affects the business is known as Business Environment. There are two types of business environment which affects the business directly and indirectly. They are: external and internal environment. -          Internal Environment: It is composed of the elements within the organization including employees, shareholders, management and organizational structures. It affects the company’s working.   -          External Environment: It is composed of the elements outside a...