Question
It is suggested that one of an external factor that affect decision a company is government. Let us assume that this may refer to government
It is suggested that one of an external factor that affect decision a company is government. Let us assume that this may refer to government policy or regulation. If we survey decisions around the world, there are no decisions that would be made in a situation that will not be constrained by government. It means that business decisions have to take into account government policies or regulation as given and try to optimize decisions. Do you agree with this premise? Let us take a situation where free-market is a decision environment where markets are supposed to operate efficiently. Do you think government will be a factor affecting decisions in a perfectly competitive market? Please discuss your answer.
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