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QUESTION THREE [20]3.1 Explain what is meant by the global legal-political environment of business.  3.2 One area where companies feel the legal and political effects in the global environment is in the “terms of access”. The phrase "terms of access" refers to all the conditions that apply to the importation of goods from a foreign country.With regard to this, discuss the legal instruments that are used to create these ‘conditions’ as barriers to trade between countries

QUESTION THREE [20]3.1 Explain what is meant by the global legal-political environment of business.  3.2 One area where companies feel the legal and political effects in the global environment is in the “terms of access”. The phrase "terms of access" refers to all the conditions that apply to the importation of goods from a foreign country.With regard to this, discuss the legal instruments that are used to create these ‘conditions’ as barriers to trade between countries

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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QUESTION THREE [20]
3.1 Explain what is meant by the global legal-political environment of business. 


3.2 One area where companies feel the legal and political effects in the global environment 
is in the “terms of access”. The phrase "terms of access" refers to all the conditions that 
apply to the importation of goods from a foreign country.
With regard to this, discuss the legal instruments that are used to create these ‘conditions’ 
as barriers to trade between countries

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