The-definition.com

Definition

The Political-Legal Environment

The political and legal environment consists of laws, government agencies, and pressure groups that influence various organizations and individuals. Sometimes these laws create new business opportunities. Mandatory recycling laws have boosted the recycling industry and launched dozens of new companies making new products from recycled materials.

Share it:  Cite

More from this Section

  • Purchasing agents
    Purchasing agents– generally have a long-term relationship with buyers and make purchases ...
  • Consent
    Consent when users are allowed to choose participation or exclusion. ...
  • Brand contact
    Brand contact refers to any information-bearing experience a customer or prospect has ...
  • Competitive frame of reference
    Competitive frame of reference defines which other brands a brand competes with and therefore ...
  • Economic environment
    The economic environment consists of economic factors that affect consumer purchasing ...