How can changes in government policy affect a business environment?
Practice Questions
1 question
Q1
How can changes in government policy affect a business environment?
They have no impact on business operations
They can create new opportunities or threats
They only affect large corporations
They are irrelevant to small businesses
Changes in government policy can significantly affect the business environment by creating new opportunities or posing threats to existing operations.
Questions & Step-by-step Solutions
1 item
Q
Q: How can changes in government policy affect a business environment?
Solution: Changes in government policy can significantly affect the business environment by creating new opportunities or posing threats to existing operations.
Steps: 5
Step 1: Understand what government policy means. It refers to the decisions and actions taken by the government that can influence how businesses operate.
Step 2: Identify types of government policies. These can include tax laws, regulations, trade agreements, and labor laws.
Step 3: Recognize how new policies can create opportunities. For example, a tax cut can allow businesses to invest more in growth.
Step 4: Consider how policies can pose threats. For instance, stricter regulations might increase costs for businesses, making it harder to operate.
Step 5: Think about the overall impact. Changes in government policy can lead to a more favorable or challenging environment for businesses.
