Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Which one of the following is the impact of Government policy changes on business and industry?

Options:

Increase in agricultural productivity

Increase in product prices

Increase in competition

Increase in urbanisation

Correct Answer:

Increase in competition

Explanation:

As a part of government policy in modern times, firms are now facing competition not only from existing players and new local entrants but also from the multinational competitors.