For P2, learners need to consider the wide range of government policies that impinge on business and
select those that have a significant effect on the selected business. The impact of policies will vary between
businesses depending on their size, location and type of activity. It makes sense to us...
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In this assignment I’m going to identify how government
policies impact on a selected business. My selected business is
going to be jaguar.
Government policy
Government policies can change the way businesses work and
influence the economy either by passing laws, or by changing
its own spending or taxes. Governments establish many rules
and regulations that guide businesses. Businesses will normally
change the way they operate when government changes these
rules and regulations the term government policy can be used
to describe any course of action which intends to change a
certain situation.
Government policies enforce allot of types of tax’s that affect
jaguar as a business for example:
Corporation taxis a tax on company profits. A rise in this tax
means Jaguar keep less of their profits leading to less company
investment and the possible loss of jobs. The rate of taxation
may influence what a company charges for products and
services if the business is looking to attain a certain level of
profitability.These tax rates will influence jaguar because it tells
them to hire a certain number of employees, or if the company
chooses to take on workers at all. If a business is particularly
small, it may function just fine with the proprietor acting as the
sole worker of the business. Any convenience created by hiring
on a worker is outweighed by the taxes associated with the
hire.The rate of taxation may influence what a company
charges for products and services, this means Jaguar will get
taxed high because their products and services are not cheap.
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