Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Re write this : There is a big impact on the relationship between government laws and regulations and consumers. The government can change the way
Re write this : There is a big impact on the relationship between government laws and regulations and consumers. The government can change the way that consumers spend their money by changing things like taxes and interest rates. These kinds of government actions have a significant impact on a customer's propensity to buy a good or service from a company. Take the auto industry, for example. Emission standards regulations from the government can have a big impact on this industry. Car manufacturers will be forced to increase their R&D expenditures in order to create vehicles that meet the government's stricter emission standards. This might make cars more expensive, which might have an impact on what people decide to buy
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started