Government policies, such as licensing issues, are most likely to impact
A) bargaining power of buyers
B) bargaining power of suppliers
C) threat of substitute products or services
D) threat of new entrants

Question

Quizplus · Accepted Answer

Government policies, such as licensing issues, tend to create barriers to entry for new firms or businesses, thus impacting the threat of new entrants in the industry. This is because firms need to obtain licenses and meet certain requirements before they can start operating in the industry, thereby reducing the threat of new entrants.

Government Policies, Such as Licensing Issues, Are Most Likely to Impact