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Explain how the government affects the business environment?
Step by step
Solved in 3 steps
- What role does the political environment play in shaping the business environment? How do government policies, regulations, and stability impact businesses?explain how does INCOME TAX, PAYROLL TAX, TARIFF TAX, SIN TAX, CONSUMPTION TAX and PROPERTY TAX affect business practices ?Why do governments choose to regulate business?
- Explain why does a government choose to regulate businesses ?Do government regulations regarding the environment limit business and economic growth?How can businesses effectively manage and mitigate risks arising from the business environment, such as economic downturns, regulatory changes, or natural disasters?
- Identify THREE public policies that can stimulate employment and facilitate economic growth in an economy and give a conclusionHow business ethics helps a firm to succeed ?Discuss the role of political factors in shaping the business environment, including government policies, regulations, and political stability.
