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Do You Think Politics Can Have An Effect On Business?
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[QUOTE="Caramelle, post: 199019, member: 150"] Politics is one of the external factors that can affect a business. Every change in the administration of a country brings changes in the way things are done. A lot of changes have occurred in my country in the past several years due to government policies. These policies have benefited some businesses while some curtailed their growth. For example, to raise funds, the new government decided to implement excise taxes on certain products. The additional taxes may have little impact on necessities such as fuel because vehicle owners have no choice but to absorb the price increase. On the other hand, the new round of excise taxes has hurt the beverage industry because it meant doubling the price of their products. Sweetened products such as powdered juices are now being sold at twice the old price and this has drastically reduced their sales. The past administration focused on the efficient collection of taxes and practiced frugality in many levels of government. [/QUOTE]
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Do You Think Politics Can Have An Effect On Business?
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