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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 'B'. Can you explain this answer?
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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 polic...
Impact of Government Policy Changes on Business and Industry

Government policy changes can have a significant impact on businesses and industries. Some of the factors that can explain this impact are:

Increasing Competition
As a result of government policy changes, businesses may face increased competition from new entrants into the market. For example, if the government decides to deregulate a particular industry, it may allow new companies to enter the market, which can increase competition and potentially decrease profitability for existing businesses.

More Demanding Customers
Government policy changes may also lead to changes in consumer behavior. For example, if the government introduces new regulations that require businesses to be more environmentally friendly, customers may become more interested in buying products from companies that are perceived to be environmentally responsible.

Market Orientation
Businesses need to be aware of changes in the market and respond accordingly. Government policy changes can have a significant impact on the market, and businesses need to be able to adapt to these changes in order to remain competitive.

However, the option "Change in agricultural prices" does not explain the impact of government policy changes on business and industry. While changes in agricultural prices can have an impact on specific industries, it is not necessarily related to government policy changes. Agricultural prices can be affected by a variety of factors, including weather conditions, global market forces, and supply and demand.
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Which of the following does not explain the impact of Government polic...
Rest of all will affect business but agricultural prices don't affect it
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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 'B'. Can you explain this answer?
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