Question

discuss the impact of Government policy changes on business and industry?​

Answer 1

hey!

______

°•☆Answer:-•°☆

____________

☆ Impact of Government policy changes on business and industry are:-

(1) Increasing Competition:-

___________________

• As a result of liberalisation privatisation and globalisation number of players increased in all sectors and increased competition for everyone.

(2) More Demanding Customers:-

________________

• Increased competition in the market gives the customer wider choices in purchasing better quality of goods and services which makes them more demanding.

(3) Rapidly Changing :-

_______________

• Technological Environment New technologies help to improve machines process products and services. The rapidly changing technological environment creates tough challenges before smaller firms.

hope help u!!!

Answer 2

$\mathfrak{\huge{\pink{Answer}}}$

✨The policies of liberalisation, privatisation and globalisation by the government affect the functioning of the business enterprises. The following points highlight the impact of government policy changes on the business and industry.

_________________________________________

_________________________________________

➡️1.Need for Trained Personnel: Innovations and improvement in product, application of improved technologies requires skilled and trained personnel. Thus, there arises a need for the development of human resources.

➡️2. Greater Market Orientation: With increased competition, the production has become market oriented. That is, the enterprises produce as per the demand market.

➡️3.Less Reliance on Budgetary Support by Public Sector Enterprises: To survive the increased competition, the public sector enterprises must improve efficiency and productivity rather than relying on budgetary support to cover their losses.

$\mathbb{\huge{\blue{HOPE.IT.HELPS}}}$