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Re write this: Government laws or regulations can significantly influence the consumer relationship. By manipulating elements like interest rates or taxes, governments can alter consumer
Re write this: Government laws or regulations can significantly influence the consumer relationship. By manipulating elements like interest rates or taxes, governments can alter consumer spending habits. Such governmental interventions can profoundly affect a consumer's propensity to buy a product or service from a company. Take the automobile industry as an example. Governmental emission standards regulations can greatly affect this sector. If the government enforces more stringent emission standards, car manufacturers will need to allocate more resources to research and development to create vehicles that comply with these standards. This could potentially raise the price of cars, which may subsequently impact consumer buying choices
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