Impact of government policy changes on business and industry

Asked by admin @ in Business Studies viewed by 317 People

Discuss the impact of Government policy changes on business and industry?​

Answered by admin @


hey!

______

°•☆Answer:-•°☆

____________

☆ Impact of Government policy changes on business and industry are:-

(1) Increasing Competition:-

___________________

  • As a result of liberalisation privatisation and globalisation number of players increased in all sectors and increased competition for everyone.

(2) More Demanding Customers:-

________________

  • Increased competition in the market gives the customer wider choices in purchasing better quality of goods and services which makes them more demanding.

(3) Rapidly Changing :-

_______________

  • Technological Environment New technologies help to improve machines process products and services. The rapidly changing technological environment creates tough challenges before smaller firms.

hope help u!!!


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