BU111 Study Guide - Complete Control, Absolute Advantage, Sole Proprietorship
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BU111 Full Course Notes
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How a government can have influence over business: Government can be a really important stakeholder for some and can be a marginal stakeholder for others. Whether that government body is putting a lot of roadblocks and constraints and extra costs in your way or whether they are actually providing some good supports and incentives. You have to closely monitor and be aware of what is happening. 1: if the government is your customer (positive): Some businesses see them as very steady, stable customers that pay their bills. Governments like various services and spend billions of dollars every year. Everything from office supplies to vehicles to buildings and all sorts of stuff. For some businesses, their government is really their core customer. They may not be such an important customer because they take long to deal with but ultimately they can be very positive. 2: for some industries, the government can be your competitor:
