Question : Case Study 9:
PQR Enterprises is a manufacturing company that has been impacted by a government policy change promoting liberalization, privatization, and globalization.
Q:- How can understanding the political environment help PQR Enterprises in dealing with the impacts of liberalization, privatization, and globalization?
Option 1: By seeking government subsidies
Option 2: By forming strategic alliances with foreign companies
Option 3: By expanding into new markets
Option 4: By increasing the number of employees
Correct Answer: By forming strategic alliances with foreign companies
Solution : The correct answer is (B) By forming strategic alliances with foreign companies
Understanding the political environment can help PQR Enterprises in dealing with the impacts of liberalization, privatization, and globalization by enabling the company to form strategic alliances with foreign companies. In a globalized and liberalized economic environment, forming partnerships with international companies can provide access to new markets, technologies, and resources, and help PQR Enterprises navigate the changes in the business landscape.
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