Jaydip Pravinkumar Unit 38 P2 M1
Task 2 – P2/M1 – Identify how government policies impact on a selected
business?
First of all, summarize the governments: -
1. Industrial Policy
Industrial policy is the policy that is in place by the government, which influence the
economy in a number of ways. It might affect the economy is that it might support
the industries to encourage economic growth, improve the skills that the employees
have by giving them the training, and also develop the economy’s infrastructure
which include the transport, telecommunication and also the energy and also this
will have an effect on the environmental initiatives. Government sponsored
monetary program in which the people and private sectors coordinate their efforts
to develop new technologies and industries. Government provides the financial
support and capital to the private sector by direct subsidies, tax credits, or
government run developmental banks, private is enterprise, and employees to
strengthen the national economy. This will have an affect on the JD sports and it is
that if the business fails to operate the industrial policy will help them for example
the government will check that the employees working at the JD sports are given the
correct training that they should get.
2. Export Policy
The export policy is that exporting the goods from one country to another country in
order for sale of the goods and the UK has been trading within the European
countries and this might have changed because of the Brexit where the UK is out of
the European union and so the goods going in and out of the European countries
might change the way they are trading. In addition, UK also trades with the USA and
also India where they export goods from the goods to the India in order for it to sell
and so that the business that are producing the goods might make more profit.
United Kingdom shipped US$408.9 billion worth of goods around the globe in 2016,
up by 13.7% since 2009 when the Great Recession kicked in but down by -12.3%
from 2015 to 2016. The Brexit will have an affect on the business JD sports because
it will be harder to trade with the European Union as the UK is no more part of the
European Union. The export policy will have an affect on the business because they
exporting goods outside the UK will be expensive and this might make the JS sports
lost of customers, as they will have to charge the customers more.
3. Transport Policy
The transport policy includes air, train and road and this is said to be national and
regional level. The government is saying that safe and dependable transport is
essential to UK society and the economy. The government is working to make the
rail, road and the air transport more efficient and effective, keep them safe and
secure, and reduce greenhouse gas and other emissions. The transport is very
Task 2 – P2/M1 – Identify how government policies impact on a selected
business?
First of all, summarize the governments: -
1. Industrial Policy
Industrial policy is the policy that is in place by the government, which influence the
economy in a number of ways. It might affect the economy is that it might support
the industries to encourage economic growth, improve the skills that the employees
have by giving them the training, and also develop the economy’s infrastructure
which include the transport, telecommunication and also the energy and also this
will have an effect on the environmental initiatives. Government sponsored
monetary program in which the people and private sectors coordinate their efforts
to develop new technologies and industries. Government provides the financial
support and capital to the private sector by direct subsidies, tax credits, or
government run developmental banks, private is enterprise, and employees to
strengthen the national economy. This will have an affect on the JD sports and it is
that if the business fails to operate the industrial policy will help them for example
the government will check that the employees working at the JD sports are given the
correct training that they should get.
2. Export Policy
The export policy is that exporting the goods from one country to another country in
order for sale of the goods and the UK has been trading within the European
countries and this might have changed because of the Brexit where the UK is out of
the European union and so the goods going in and out of the European countries
might change the way they are trading. In addition, UK also trades with the USA and
also India where they export goods from the goods to the India in order for it to sell
and so that the business that are producing the goods might make more profit.
United Kingdom shipped US$408.9 billion worth of goods around the globe in 2016,
up by 13.7% since 2009 when the Great Recession kicked in but down by -12.3%
from 2015 to 2016. The Brexit will have an affect on the business JD sports because
it will be harder to trade with the European Union as the UK is no more part of the
European Union. The export policy will have an affect on the business because they
exporting goods outside the UK will be expensive and this might make the JS sports
lost of customers, as they will have to charge the customers more.
3. Transport Policy
The transport policy includes air, train and road and this is said to be national and
regional level. The government is saying that safe and dependable transport is
essential to UK society and the economy. The government is working to make the
rail, road and the air transport more efficient and effective, keep them safe and
secure, and reduce greenhouse gas and other emissions. The transport is very
