Organizations looking to conduct international business, must be especially cognizant of ________ for both domestic and international markets because of the dominantly uncontrollable nature of this factor in conducting global business.

While political forces are the arms of the government that is responsible for formulating the rules and laws that govern a country , legal forces are the rules and laws that the political forces introduced.

Examples are compliance to laws, gender policies ,tax incentives , minimum wages initiatives, trade restriction , fiscal policy among others.

It can have a very great impact on global business , which is the reason that PESTLE analysis is very important for a business before venturing into business activities in a new environment.

adioabiola adioabiola · Answer 2 · 2020-04-12T04:01:05+02:00

Answer:

Political/legal forces

Explanation:

Organizations looking to conduct international business, must be especially cognizant of political/legal forces for both domestic and international markets because of the dominantly uncontrollable nature of this factor in conducting global business.

Political forces: This is a situation in which the decision of the government affect the business organzation. Government decision or law can either have a negative or positive impact on business organzations in a particular country.

Government might make law regarding tax increment for some organizations or give some organzations a tax incentive probably tax holiday.

The organzation with increase tax will be at a disadvantage while the organzation with tax holiday is at an advantage.

Legal Forces: This refers to laws of the country that affect the operations of a business organzation. The lawmakers of a country can make laws that will either benefit or harm a business organzation.

For example, when law makers makes law that only 500 bags of rice should be exported out the country in a day, this will limit rice producing companies in their export transactions.