Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics The Basics

Authors: Michael Mandel

2nd Edition

0073523186, 9780073523187

More Books

Students also viewed these Economics questions

Question

b. Who is the program director?

Answered: 1 week ago

Question

2. Information that comes most readily to mind (availability).

Answered: 1 week ago