BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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More demanding customers
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Increasing competition
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Change in agricultural prices
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Market orientation
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Detailed explanation-1: -Among the options given above, change in agriculture prices does not explain the impact of government policy changes on business and industry. Government policy changes such as liberalisation, privatisation and globalisation affect the working of business organisations.
Detailed explanation-2: -Change in agricultural prices does not explain the impact of government policy changes on business and industry.
Detailed explanation-3: -Explain “increasing competition” and “more demanding customers” as the impact of government policy changes on business and industry.
Detailed explanation-4: -Some of the impacts of changes in government policy on business and industry are: 1. Increasing Competition 2. More Demanding Customers 3. Rapidly Changing Technological Environment 4.
Detailed explanation-5: -The correct answer is Blind Nationalism.