The new market conditions require people with higher competence and greater commitment. Identify the impact of government policy changes in business and industry.
This question was previously asked in
Shift 16/06/2023 3:30 PM - 6:30 PM
A
Necessity for change
B
More demanding customers
C
Need for developing human resources
D
Increasing competition
Correct Answer
Need for developing human resources
Detailed Explanation
The impact of government policy changes in business and industry, as indicated by the new market conditions requiring people with higher competence and greater commitment, is:
3. Need for developing human resources
Government policy changes can influence the skill requirements and level of commitment needed in the workforce, leading to a greater emphasis on the development of human resources to meet the new demands in the business environment.
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