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    Briefly discuss the impact of government policy changes on business and industry?

    class-12th business studies

    Asked By Nilima Kapoor

    3 ANSWERS

    • a) Increasing completion
      b) More demanding customers
      c) Rapidly changing technological environment
    • Government 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.
    • The 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.

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