Political Factors in Business: Definition & Examples


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question 1 of 3

Which of the following is the best explanation of political factors as they concern a business?

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1. What's the best explanation of an external constraint?

2. What is regulatory capture?

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About This Quiz & Worksheet

Virtually all businesses are influenced by political factors that can determine where, when, and how they operate, how they develop and grow, and ultimately how much of a profit they will be able to earn. This quiz/worksheet combo examines the nature of political factors in the business world and helps you understand the common ways politics affects business.

Quiz & Worksheet Goals

In these assessments you'll be tested on:

  • How political factors affect business
  • The ability of business to control political factors
  • Business involvement in regulation
  • Political factors that affect international businesses
  • The effects of regulatory policies on business

Skills Practiced

This quiz and worksheet lets students practice the following skills:

  • Knowledge application - use your understanding of politics and business to answer questions on the factors that can affect a company's operations
  • Defining key concepts - ensure you can accurately define main ideas such as external constraint and regulatory capture
  • Making connections - examine the ways a regulator can impose burdens on business

Additional Learning

To learn more, review the accompanying lesson titled Political Factors in Business: Definition & Examples. This lesson covers the following objectives:

  • Understand how politics influences business
  • Know how business defines a political issue that affects operations
  • Understand how businesses try to control regulatory decisions
  • Know the types of political conflicts that can affect international businesses