Question

"What is the impact of government rules and regulations on business"

Answer 1

Taxation:-

Taxation policy is one the government policies that affect businesses directly because taxation is based on all businesses Profit.

Relationship:-

Government policies affect employer to employee relationships It is compulsory for employers to follow government regulations regarding the way they treat their employees and their hiring.

New Policies:-

it is important to understand that government laws different by state, locality or country and it is a challenge to know all the regulations that apply to your particular line of business. A business lawyer is indeed the right person to direct you towards success and profits without breaking the law.

At Last, governments impose business rules and regulations to ensure that all businesses are under run in line with codes of ethics, good health and safety of the consumers.