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Which of the following does not explain the impact of Government policy changes on business and industry?
- a)More demanding customers
- b)Change in agricultural prices
- c)Increasing competition
- d)Market orientation
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following does not explain the impact of Government polic...
Explanation:
Government policy changes can have a significant impact on businesses and industries. Some of the ways in which this impact can be felt include changes in regulations, taxes, trade policies, labor laws, and more. However, the impact of government policy changes on business and industry is not influenced by changes in agricultural prices.
Here are some ways in which government policy changes can affect businesses and industries:
1. Changes in regulations: When the government changes regulations, it can affect the way businesses operate. For example, if the government introduces new environmental regulations, businesses may have to invest in new equipment or change their production processes to meet the new standards.
2. Taxes: Changes in taxes can impact businesses and industries in various ways. For instance, if the government increases taxes on a particular product or service, it could lead to a decrease in demand for that product or service.
3. Trade policies: Changes in trade policies can affect businesses that rely on imports or exports. For instance, if the government imposes tariffs on imported goods, it could make it more expensive for businesses to import those goods and could lead to increased prices for consumers.
4. Labor laws: Changes in labor laws can impact businesses in terms of wages, benefits, and working conditions. For example, if the government introduces new minimum wage laws, businesses may have to increase wages for their employees, which could impact their bottom line.
In summary, while changes in agricultural prices can impact businesses and industries, it is not directly related to government policy changes.
Government policy changes can have a significant impact on businesses and industries. Some of the ways in which this impact can be felt include changes in regulations, taxes, trade policies, labor laws, and more. However, the impact of government policy changes on business and industry is not influenced by changes in agricultural prices.
Here are some ways in which government policy changes can affect businesses and industries:
1. Changes in regulations: When the government changes regulations, it can affect the way businesses operate. For example, if the government introduces new environmental regulations, businesses may have to invest in new equipment or change their production processes to meet the new standards.
2. Taxes: Changes in taxes can impact businesses and industries in various ways. For instance, if the government increases taxes on a particular product or service, it could lead to a decrease in demand for that product or service.
3. Trade policies: Changes in trade policies can affect businesses that rely on imports or exports. For instance, if the government imposes tariffs on imported goods, it could make it more expensive for businesses to import those goods and could lead to increased prices for consumers.
4. Labor laws: Changes in labor laws can impact businesses in terms of wages, benefits, and working conditions. For example, if the government introduces new minimum wage laws, businesses may have to increase wages for their employees, which could impact their bottom line.
In summary, while changes in agricultural prices can impact businesses and industries, it is not directly related to government policy changes.
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Which of the following does not explain the impact of Government polic...
Change in agricultural prices does not exotom the impact of Government policy changes on business and industry.
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Which of the following does not explain the impact of Government policy changes on business and industry?a)More demanding customersb)Change in agricultural pricesc)Increasing competitiond)Market orientationCorrect answer is option 'B'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Which of the following does not explain the impact of Government policy changes on business and industry?a)More demanding customersb)Change in agricultural pricesc)Increasing competitiond)Market orientationCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following does not explain the impact of Government policy changes on business and industry?a)More demanding customersb)Change in agricultural pricesc)Increasing competitiond)Market orientationCorrect answer is option 'B'. Can you explain this answer?.
Which of the following does not explain the impact of Government policy changes on business and industry?a)More demanding customersb)Change in agricultural pricesc)Increasing competitiond)Market orientationCorrect answer is option 'B'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Which of the following does not explain the impact of Government policy changes on business and industry?a)More demanding customersb)Change in agricultural pricesc)Increasing competitiond)Market orientationCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following does not explain the impact of Government policy changes on business and industry?a)More demanding customersb)Change in agricultural pricesc)Increasing competitiond)Market orientationCorrect answer is option 'B'. Can you explain this answer?.
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