Question : Case Study 17:
ABC Ltd. is a retail company that has been facing challenges in meeting government regulations related to packaging and waste management.
Q:- How can understanding government policies help ABC Ltd. in meeting regulations related to packaging and waste management?
Option 1: By seeking government subsidies
Option 2: By finding alternative suppliers
Option 3: By complying with the regulations and adopting eco-friendly practices
Option 4: By reducing the workforce
Correct Answer: By complying with the regulations and adopting eco-friendly practices
Solution : The correct answer is (C) By complying with the regulations and adopting eco-friendly practices
Understanding government policies can help ABC Ltd. in meeting regulations related to packaging and waste management by enabling the company to comply with the regulations and adopt eco-friendly practices. This approach involves aligning the company's operations with the specific regulatory requirements, implementing sustainable packaging and waste management practices, and ensuring adherence to government-mandated standards.
Q:- What is the business environment factor affecting ABC Ltd. in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Government policies
Option 4: Social environment
Q:- What does the term "government regulations" refer to?
Option 1: The process of reducing government intervention in the economy
Option 2: The process of nationalizing private companies
Option 3: The rules and guidelines set by the government for businesses and industries
Option 4: The process of promoting import restrictions
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