Examine the conditions that affect the regulation of business in a global context. (5 marks)

The global regulation of business often occurs when commerce crosses national borders or the consequences of unregulated business activity by a national government are so large that global regulation is necessary.

2. Some believe that businesses should be involved in politics, what are the arguments for and against business participation in the political process. (5 marks)

Some believe that businesses should be involved in politics because their economic stake in government decisions is great, and they have a right to participate, just as do other stakeholders in a pluralistic political system. But others believe that businesses are too big, powerful, and selfish, and that they wield too much influence in the political arena.

3. How does Assess the tactics businesses can use if it wants to involve in the political process. (5 marks)

Some of the political action tactics available for business include lobbying, direct communications, expert witness testimony, political action committee contributions, economic leverage, advocacy advertising and public relations, trade association involvement, legal challenges, and encouraging the involvement of other stakeholders. Businesses are increasingly turning to social media to promote their political strategies.