Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Which of the following is not an impact of government policy changes on business and industry?

Options:

Increasing Competition

More Demanding Customers

Budgetary Support to the public sector

Market Orientation

Correct Answer:

Budgetary Support to the public sector

Explanation:

Impact of Government policy changes on business and industry: The government policy of liberalisation, privatisation and globalisation has made a definite impact on the working of enterprises in business and industry in terms of
(a) increasing competition
(b) more demanding customers
(c) rapidly changing technological environment
(d) necessity for change
(e) need for developing human resource
(f ) market orientation
(g) loss of budgetary support to the public sector.