the government introduces a new regulation that affects the business (a minimum wage).
a company launches a new product in the market (a new technology).
a major shift in the economic environment (a recession or a natural disaster).
each of these interactions can have a major impact on the market. it is important for businesses to be aware of these types of events and to be able to adapt quickly in order to succeed in their marketplace.
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here are 3 examples of market-state interactions:
the government introduces a new regulation that affects the business (a minimum wage).
a company launches a new product in the market (a new technology).
a major shift in the economic environment (a recession or a natural disaster).
each of these interactions can have a major impact on the market. it is important for businesses to be aware of these types of events and to be able to adapt quickly in order to succeed in their marketplace.
hope this helps :)