BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Loss of budgetary support to the public sector.
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More demanding customers.
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Need for developing human resource.
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No Change in technology.
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Detailed explanation-1: -Change in agricultural prices does not explain the impact of government policy changes on business and industry.
Detailed explanation-2: -Some ways technological change has impacted society include: Creates new products and processes. Increases efficiency and lowers cost. Helps economies evolve.
Detailed explanation-3: -Change in agricultural prices does not explain the impact of government policy changes on the business and industry. All the government policies such as liberalization, globalization, privatization affect the working of business organization.
Detailed explanation-4: -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.