Briefly discuss the impact of government policy changes on business and industry?
class-12th business studies
Asked By Nilima Kapoor
1a) Increasing completion
b) More demanding customers
c) Rapidly changing technological environment
2Government policy changes have a gret impact on the workings of business and industry. 1.increases competition 2.market orientation 3.more demanding customers 4.increase in exports 5.efficient technology.
3The following points highlight the impact of government policy changes on the business and industry.
i. Increased Competition
ii. Increased Demand
iii . Change in Business Policies
iv. Technological Changes
v. Need for Trained Personnel
vi. Greater Market Orientation
vii. Less Reliance on Budgetary Support by Public Sector Enterprises.