External Influences on Business Activity
What are the political and legal factors that can impact business activity?
Political and legal factors that can impact business activity include government regulations, trade policies, tax laws, labor laws, political stability, corruption levels, intellectual property protection, and government stability. These factors can influence market conditions, business operations, competitiveness, and the overall business environment.
How can privatization affect business operations and performance?
Privatization refers to the transfer of government-owned assets or services to private ownership and control. Privatization can affect business operations and performance by introducing private sector management practices, increasing competition, improving efficiency, enhancing accountability, promoting investment, encouraging innovation, and potentially leading to cost reductions and improved service quality. However, the effects of privatization can vary depending on the specific industry, market conditions, regulatory framework, and implementation approach.