Wednesday, December 25, 2019

The US Federal Minimum Wage

What is the current U.S. federal minimum wage? The answer to that question can be trickier than you might think.While the current US federal minimum wage was last set at $7.25 per hour on July 24, 2009, your age, type of employment, even where you live can alter the legal minimum hourly wage your employer is required to pay. What is the  Federal Minimum Wage Law? The federal minimum wage is established by and regulated under the Fair Labor Standards Act of 1938 (the FLSA). In its final form, the act applied to industries whose combined employment represented only about one-fifth of the US labor force. In these industries, it banned oppressive child labor and set the minimum hourly wage at 25 cents, and the maximum workweek at 44 hours. Who Must Pay the Federal Minimum Wage? Today, the minimum wage law (the FLSA) applies to employees of enterprises that do at least $500,000 in business a year. It also applies to employees of smaller firms if the employees are engaged in interstate commerce or in the production of goods for commerce, such as employees who work in transportation or communications or who regularly use the mails or telephones for interstate communications. It also applies to employees of federal, state or local government agencies, hospitals and schools, and it generally applies to domestic workers. Details of the Federal Minimum Wage The following details apply only to the the federal minimum wage, your state may have its own minimum wage rates and laws. In cases where state minimum wage rates differ with the federal rate, the higher minimum wage rate always applies.Current Federal Minimum Wage: $7.25 per hour (as of July 24, 2009) -- may vary under the following conditions: Younger Workers: If you are under 20 years of age, you may be paid as little as $4.25 per hour during your first 90 consecutive calendar days of employment.Students, Apprentices and the Disabled: Certain full-time students, student learners, apprentices, and workers with disabilities may be paid less than the minimum wage under special certificates issued by the US Department of Labor.Workers Who Earn Tips: Employers who allow workers to keep tips must pay a cash minimum wage of at least $2.13 per hour IF they claim a tip credit against their federal minimum wage obligation of $7.25 per hour. In other words, if your tips plus cash wages do not equal at least $7.25 per hour, your employer must make up the difference.Overtime Pay: Federal law requires payment of at least 1-and-1/2 times your regular rate of pay for all hours worked over 40 in a workweek.Child Labor: An employee must be at least 16 years old to work in most non-farm jobs and at least 18 to work in non-farm jobs declared hazardous by the Secretary of Labor.Persons 14 and 15 years old are allowed to work before or after school in some non-manufacturing, non-mining and non-hazardous jobs IF: They work no more than - 3 hours on a school day or 18 hours in a school week; 8 hours on a non-school day or 40 hours in a non-school week. Work may not begin before 7 a.m. or end after 7 p.m., except from June 1 through Labor Day, when evening hours are extended to 9 p.m. Different rules apply in agricultural employment.Other Special Exemptions: Under the Fair Labor Standards Act of 1938 (FLSA), executive, administrative, professional, and outside sales employees are exempted from the minimum wage and overtime requirements of the FLSA, provided they meet certain tests regarding job duties and responsibilities and are compensated on a salary basis. Minimum Wages in the States By law, states are allowed to establish their own minimum wages and regulations. However, anytime the state minimum wage differs from the federal minimum wage, the higher rate applies. For specifics and updates on the minimum wages and regulations in all 50 states and the District of Columbia, see: Minimum Wage Laws in the States from the U.S. Department of Labor. Enforcement of the Federal Minimum Wage Law The Wage and Hour Division of the U.S. Department of Labor administers and enforces the Fair Labor Standards Act and, thus, the minimum wage with respect to private employment, State and local government employment, and Federal employees of the Library of Congress, U.S. Postal Service, Postal Rate Commission, and the Tennessee Valley Authority. The FLSA is enforced by the U.S. Office of Personnel Management for employees of other Executive Branch agencies, and by the U.S. Congress for covered employees of the Legislative Branch.Special rules apply to state and local government employment involving fire protection and law enforcement activities, volunteer services, and compensatory time off instead of cash overtime pay.For information on enforcement of state minimum wages and other state labor laws, see: State Labor Offices/State Laws, from the US Department of Labor. To Report Suspected Violations Suspected violations are abuses of federal or state minimum wage laws should be reported directly to District Office of the U.S. Wage and Hour Division nearest you. For addresses and phone numbers, see: Wage and Hour Division District Office LocationsFederal law prohibits discriminating against or discharging workers who file a complaint or participate in any proceedings under the Fair Labor Standards Act.

Tuesday, December 17, 2019

Star River Electronics Case Solution Essay - 3063 Words

Florida Atlantic University Star River Electronics Ltd. – Case Analysis Case Summary Star River Electronics is a joint venture company that has gained respect within the industry for producing high quality CD-ROMs to major software companies. In the mid 1990s, multimedia products created a high demand for CD-ROMs, allowing manufacturing companies of all sizes to enter the market. As a result, an oversupply ensued causing prices to decline as much as 40%. Star River survived a period of consolidation, and now faced a new threat. DVDs are alternative storage devices that offered 14 times more storage capacity. Surveys showed that DVD disc drives would increase from 7% to 59% of all optical-disc-drive shipments by 2005.†¦show more content†¦For net profit margins, ROE, and ROA, Star River experienced a declining trend of 1.22, 1.32, and 1.44 respectively from 1998 to 2001. This is due to an increase in cost of goods sold, particularly inventory, resulting in compressed margins. Star River’s inability to pay down its debt will cause EBIT and EBITDA to continue to show an increasing trend, until the company can control their Current Liabilities. |Profitability Ratios |1998 |1999 |2000 |2001 | |Gross Profit Margin |53.14% |52.08% |49.80% |49.60% | |Net Profit Margin |7.96% |8.21% |5.28%Show MoreRelatedHuman Interaction: Plugged or Unplugged Essay1168 Words   |  5 PagesWe live in a digital age. It is a part of most people’s daily lives. We use our electronics to wake us up, and then inform us of our daily schedule, news, e-mail, stock portfolios, and various other information throughout our day on various devices, including phone calls. For most of us, this is a daily routine, as the generations before who listened to the town crier or local gossip for their news, or we progressed to reading newspapers or books, to gathering around the radio for information, onRead MoreMass Media in Malaysia5539 Words   |  23 PagesIntroduction Mass media is defined as print and electronic means of communication that transmit information to widespread audiences (Schaefer, 2012). Examples of print mass media included newspapers, magazines, booklets and brochures, house magazines, periodicals or newsletters, direct mailers, handbills or flyers, billboards, press releases, and books. While examples of electronic mass media are television, radio, computers, and smartphones. The past of mass media is extensive and complex. It stretchesRead MoreCase: Chester Wayne Essay18738 Words   |  75 Pageschallenges in 2010. Competitive pricing, rising commodity costs, and a weaker-than-anticipated economic recovery in developed markets hampered the performance of our more mature product lines, including Prepress Solutions, Digital Capture Devices, and Entertainment Imaging. In each case, we are aggressively addressing the issues specific to each business to ensure a more successful 2011. For example, to address profitability and deman d challenges in the digital still camera market, we are pursuingRead MoreAmazon.Com: an E-Commerce Retailer Essay3909 Words   |  16 PagesAmazon.com: An E-Commerce Retailer A case report prepared for Professor Stroud MG 495/DLD Business Policy Fall I 2011 August 21, 2011 THE WALT DISNEY COMPANY CORPORATE STRATEGY I. INTRODUCTION A. Executive Summary 1. Summary statement of the problem: Considered to be the premier online retailers in the word, Amazon.com has had a short life (founded in 1994) but can be proud of the strides it has made. Jeff Bezos, founder of Amazon.com, had an idea that was rejected by hisRead MoreCompetition in Global Semiconductor Industry a Case Study Analysis on Chinese Threats to Samsung Electronics Superiority14405 Words   |  58 Pagestheir performance. Then, they will be able to identify if anything is going wrong within the firm and take necessary steps to solve it. This case study analysis focuses on finding best strategies for Samsung Electronics to overcome the threats, thrown by Chinese competitors. To meet the goal of the study, I have done in-depth analysis on Samsung Electronics operational, marketing, human resource and technology management policies and tactics. In chapter-4, with the help of management models whichRead MoreAmazon.Com: an E-Commerce Retailer3537 Words   |  15 PagesAmaz on.com: An E-Commerce Retailer A case report prepared for MG 495 Business Policy (Fall I 2012) Miguel Lopez 26 August 2012 Amazon.com: An E-Commerce Retailer I. INTRODUCTION Selling nothing but books is how Amazon.com started its business in 1995, now is acknowledged as the leading online retailer in the world. In addition, its new line of products is the compactRead MoreMarketing Strategy of Samsung Mobile17504 Words   |  71 Pagesinternational businesses, all united under the Samsung brand, including Samsung Electronics, the worlds largest electronics company, Samsung Heavy Industries, one of the worlds largest shipbuilders and Samsung Engineering Construction, a major global construction company. These three multinationals form the core of Samsung Group and reflect its name - the meaning of the Korean word Samsung is tristar or three stars. The Samsung brand is the best known South Korean brand in the world and inRead MoreCan Profitability and Morality Co-Exist?10045 Words   |  41 Pagesby assigning corporate attorneys and public relations experts to escort employees on their daily activities. Anytime an employee might stray from the straight and narrow path of acceptable conduct, the experts would guide him back. Obviously this solution would be a financial disaster if carried out in practice since it would cost a business more in attorney and public relations fees than they would save from proper employee conduct. Perhaps reluctantly, businesses turn to philosophers to instructRead MoreANZ Sustainable Business Practices2813 Words   |  12 Pagesstakeholders, while at the same time managing it’s effects on society and the environment are core to business sustainability (Pojasek 2007). The culture we live in thrives off of new and improved ways of living. Finding the most sustainable option, in every case, a llows organisations and their customers to grow. This generation will not stand for ignorance and insensible approaches to sustainability in the corporate world. Large businesses must be aware that the decisions they make will often impact beyondRead MoreAmazon.com6817 Words   |  28 PagesCASE STUDY Amazon.com © 2007–early 2009 Gary J. Stockport This case study is concerned with the continual roll-out of Amazon’s global strategy through the development of resources and strategic capabilities. It is about global dominance through the development and use of technology and acquisitions and alliances to offer an increasing array of products and services and continually enhancing customer experience. The case discusses the widening of Amazon’s business through serving three distinct

Monday, December 9, 2019

Black Woman In Advertising Essay Example For Students

Black Woman In Advertising Essay In recent years black woman have made big strides inthe area of advertising, but regardless of theseefforts black woman all still shown as submissive orbeing dominated. Few women are shown as strong orself-sufficient. I believe a lot of black woman aremade to deal with racism and the fact they dont looklike a white woman on their job. I will try to showthat although things may look like it is changing. The present is still closer to the past than werealize and there is much that is still the same. Past Black Woman In Advertising (verse one) In past advertisement, black woman have been depictedas big lip, fat, very dark, always willing to please. This physical appaerance was a tiypical sterotype heldby many non-blacks American. In the nineteen centurythe view of black woman was always distorted. Oneplace you can find a miss representation of a colorwoman is the film Driving Miss Dasey. Black womanin adds were always presented very asexual with a bigstupid looking smile on they face. I often wonder howhard it had to be to go to work with a smile when youknow that racisum and sexism is all around you. Aprime example of what I have stated so far is the AuntJemimas adds off the late 1940s. Here was a blackwoman with her hear tied with a kerchief, big fatlips, very dark skin, and with a very big smile on herface. By the early 80s the features began to change,she became lighter and the smile became morerealistic. I believe the only reason for thesechanges was the womans movement of t he late 60searly 70s and the civil rights movement of the 60s. Todays Black Woman in Advertising (same songdifferent verse) Although much has change from the ads of pass blackwoman. Such things For example were the kerchief, darkskin, and lips. Women are still being portrayed assubmissive or being dominated in ads. In a whitedominated society, whiteness is what is beautiful. So black woman are socialized into thinking that theyhave to appear white, otherwise they are notbeautiful (Hook, 1992). Black woman often have tolearn to become less black and learn to talk andacted more white. This is way I believe so manyblack woman are trying to lighten they skin and changetheir physical features. There are few magazines werea realistic representation of black beauty can befound in a magazine. Two such magazines are Essenceand Ebony. What I find ironic is that black women arebeing used in adds to get other black women to becomeblacker. In 1990, 44 million dollars was spend byblack women trying to become more like the black womenthey saw in adds who looke d white (Russell, Wilson,; Hall. 1992). Adds today also tend to show woman with long smoothhair which was associated with middle class, whileshort fizzle hair was associated with black woman thatwere less fortunate (Russell, Wilson, ; Hall. 1992:83). I believe these ads are responsible forsuch products as Dark ; Lovely. I can relate to youmany more cases were black women, who in some wayresemble a white women are used in advertising to getother black women to buy a certain product. I can dothis but all you have to do is look all around youthere are ads all over the place. Future Black Woman In Advertising (new song)In recent years black woman have made big strides inthe area of advertising, but regardless of theseefforts black woman all still shown as submissive orbeing dominated. Few women are shown as strong orself-sufficient. I believe a lot of black woman aremade to deal with racism and the fact they dont looklike a white woman on their job. I will try to showthat although things may look like it is changing. The present is still closer to the past than werealize and there is much that is still the same. .uec8f08e8de3eba9b8047efe9aef9bdc0 , .uec8f08e8de3eba9b8047efe9aef9bdc0 .postImageUrl , .uec8f08e8de3eba9b8047efe9aef9bdc0 .centered-text-area { min-height: 80px; position: relative; } .uec8f08e8de3eba9b8047efe9aef9bdc0 , .uec8f08e8de3eba9b8047efe9aef9bdc0:hover , .uec8f08e8de3eba9b8047efe9aef9bdc0:visited , .uec8f08e8de3eba9b8047efe9aef9bdc0:active { border:0!important; } .uec8f08e8de3eba9b8047efe9aef9bdc0 .clearfix:after { content: ""; display: table; clear: both; } .uec8f08e8de3eba9b8047efe9aef9bdc0 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uec8f08e8de3eba9b8047efe9aef9bdc0:active , .uec8f08e8de3eba9b8047efe9aef9bdc0:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uec8f08e8de3eba9b8047efe9aef9bdc0 .centered-text-area { width: 100%; position: relative ; } .uec8f08e8de3eba9b8047efe9aef9bdc0 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uec8f08e8de3eba9b8047efe9aef9bdc0 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uec8f08e8de3eba9b8047efe9aef9bdc0 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uec8f08e8de3eba9b8047efe9aef9bdc0:hover .ctaButton { background-color: #34495E!important; } .uec8f08e8de3eba9b8047efe9aef9bdc0 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uec8f08e8de3eba9b8047efe9aef9bdc0 .uec8f08e8de3eba9b8047efe9aef9bdc0-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uec8f08e8de3eba9b8047efe9aef9bdc0:after { content: ""; display: block; clear: both; } READ: Sex Education EssayPast Black Woman In Advertising (verse one) In past advertisement, black woman have been depictedas big lip, fat, very dark, always willing to please. This physical appaerance was a tiypical sterotype heldby many non-blacks American. In the nineteen centurythe view of black woman was always distorted. Oneplace you can find a miss representation of a colorwoman is the film Driving Miss Dasey. Black womanin adds were always presented very asexual with a bigstupid looking smile on they face. I often wonder howhard it had to be to go to work with a smile when youknow that racisum and sexism is all around you. Aprime example of what I have stated so far is th e AuntJemimas adds off the late 1940s. Here was a blackwoman with her hear tied with a kerchief, big fatlips, very dark skin, and with a very big smile on herface. By the early 80s the features began to change,she became lighter and the smile became morerealistic. I believe the only reason for thesechanges was the womans movement of the late 60searly 70s and the civil rights movement of the 60s. Todays Black Woman in Advertising (same songdifferent verse) Although much has change from the ads of pass blackwoman. Such things For example were the kerchief, darkskin, and lips. Women are still being portrayed assubmissive or being dominated in ads. In a whitedominated society, whiteness is what is beautiful. So black woman are socialized into thinking that theyhave to appear white, otherwise they are notbeautiful (Hook, 1992). Black woman often have tolearn to become less black and learn to talk andacted more white. This is way I believe so manyblack woman are trying to lighten they skin and changetheir physical features. There are few magazines werea realistic representation of black beauty can befound in a magazine. Two such magazines are Essenceand Ebony. What I find ironic is that black women arebeing used in adds to get other black women to becomeblacker. In 1990, 44 million dollars was spend byblack women trying to become more like the black womenthey saw in adds who looke d white (Russell, Wilson, Hall. 1992). Adds today also tend to show woman with long smoothhair which was associated with middle class, whileshort fizzle hair was associated with black woman thatwere less fortunate (Russell, Wilson, Hall. 1992:83). I believe these ads are responsible forsuch products as Dark Lovely. I can relate to youmany more cases were black women, who in some wayresemble a white women are used in advertising to getother black women to buy a certain product. I can dothis but all you have to do is look all around youthere are ads all over the place. Future Black Woman In Advertising (new song)In recent years black woman have made big strides inthe area of advertising, but regardless of theseefforts black woman all still shown as submissive orbeing dominated. Few women are shown as strong orself-sufficient. I believe a lot of black woman aremade to deal with racism and the fact they dont looklike a white woman on their job. I will try to showthat although things may look like it is changing. The present is still closer to the past than werealize and there is much that is still the same. Past Black Woman In Advertising (verse one) In past advertisement, black woman have been depictedas big lip, fat, very dark, always willing to please. This physical appaerance was a tiypical sterotype heldby many non-blacks American. In the nineteen centurythe view of black woman was always distorted. Oneplace you can find a miss representation of a colorwoman is the film Driving Miss Dasey. Black womanin adds were always presented very asexual with a bigstupid looking smile on they face. I often wonder howhard it had to be to go to work with a smile when youknow that racisum and sexism is all around you. Aprime example of what I have stated so far is the AuntJemimas adds off the late 1940s. Here was a blackwoman with her hear tied with a kerchief, big fatlips, very dark skin, and with a very big smile on herface. By the early 80s the features began to change,she became lighter and the smile became morerealistic. I believe the only reason for thesechanges was the womans movement of t he late 60searly 70s and the civil rights movement of the 60s. .u05609a13edbbb1d950eebe5bd7c564ab , .u05609a13edbbb1d950eebe5bd7c564ab .postImageUrl , .u05609a13edbbb1d950eebe5bd7c564ab .centered-text-area { min-height: 80px; position: relative; } .u05609a13edbbb1d950eebe5bd7c564ab , .u05609a13edbbb1d950eebe5bd7c564ab:hover , .u05609a13edbbb1d950eebe5bd7c564ab:visited , .u05609a13edbbb1d950eebe5bd7c564ab:active { border:0!important; } .u05609a13edbbb1d950eebe5bd7c564ab .clearfix:after { content: ""; display: table; clear: both; } .u05609a13edbbb1d950eebe5bd7c564ab { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u05609a13edbbb1d950eebe5bd7c564ab:active , .u05609a13edbbb1d950eebe5bd7c564ab:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u05609a13edbbb1d950eebe5bd7c564ab .centered-text-area { width: 100%; position: relative ; } .u05609a13edbbb1d950eebe5bd7c564ab .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u05609a13edbbb1d950eebe5bd7c564ab .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u05609a13edbbb1d950eebe5bd7c564ab .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u05609a13edbbb1d950eebe5bd7c564ab:hover .ctaButton { background-color: #34495E!important; } .u05609a13edbbb1d950eebe5bd7c564ab .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u05609a13edbbb1d950eebe5bd7c564ab .u05609a13edbbb1d950eebe5bd7c564ab-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u05609a13edbbb1d950eebe5bd7c564ab:after { content: ""; display: block; clear: both; } READ: The Theory Of Intersectionality Theory EssayTodays Black Woman in Advertising (same songdifferent verse) Although much has change from the ads of pass blackwoman. Such things For example were the kerchief, darkskin, and lips. Women are still being portrayed assubmissive or being dominated in ads. In a whitedominated society, whiteness is what is beautiful. So black woman are socialized into thinking that theyhave to appear white, otherwise they are notbeautiful (Hook, 1992). Black woman often have tolearn to become less black and learn to talk andacted more white. This is way I believe so manyblack woman are trying to lighten they skin and changetheir physical features. Th ere are few magazines werea realistic representation of black beauty can befound in a magazine. Two such magazines are Essenceand Ebony. What I find ironic is that black women arebeing used in adds to get other black women to becomeblacker. In 1990, 44 million dollars was spend byblack women trying to become more like the black womenthey saw in adds who looked white (Russell, Wilson,; Hall. 1992). Adds today also tend to show woman with long smoothhair which was associated with middle class, whileshort fizzle hair was associated with black woman thatwere less fortunate (Russell, Wilson, ; Hall. 1992:83). I believe these ads are responsible forsuch products as Dark ; Lovely. I can relate to youmany more cases were black women, who in some wayresemble a white women are used in advertising to getother black women to buy a certain product. I can dothis but all you have to do is look all around youthere are ads all over the place. Future Black Woman In Advertising (new song)______________________________________________________________________________________________________________________________________________________Social Issues Essays

Monday, December 2, 2019

Political factors affecting business free essay sample

Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every apect of their working. We will write a custom essay sample on Political factors affecting business or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Some political factors includeisPOLITICAL FACTORS AFFECTING BUSINESS Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every aspect of their working. Some political factors include †¢Stability of the government †¢Government type- monarchy, democracy, theocracy, etc. Economic policy of the government †¢Trade policy †¢Diplomatic events in surrounding countries Furthermore, political context can change for the foreseeable future. POLITICAL FACTORS AFFECTING BUSINESS Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every aspect of their working. Some political factors include †¢Stability of the government †¢Government type- monarchy, democracy, theocracy, etc. †¢Economic policy of the government Trade policy †¢Diplomatic events in surrounding countries Furthermore, political context can change for the foreseeable future. POLITICAL FACTORS AFFECTING BUSINESS Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every aspect of their working. Some political factors include †¢Stability of the government †¢Government type- monarchy, democracy, theocracy, etc. †¢Economic policy of the government †¢Trade policy Diplomatic events in surrounding countries Furthermore, political context can change for the foreseeable future. POLITICAL FACTORS AFFECTING BUSINESS Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every aspect of their working. Some political factors include †¢Stability of the government †¢Government type- monarchy, democracy, theocracy, etc. †¢Economic policy of the government †¢Trade policy †¢Diplomatic events in surrounding countries Furthermore, political context can change for the foreseeable future. POLITICAL FACTORS AFFECTING BUSINESS Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every aspect of their working. Some political factors include †¢Stability of the government †¢Government type- monarchy, democracy, theocracy, etc. †¢Economic policy of the government †¢Trade policy †¢Diplomatic events in surrounding countries Furthermore, political context can change for the foreseeable future.