Business Government Relations

Question 1

Type of public policy

Answer 1

Social and economic

Healthcare, education and housing

Economic

1. Fiscal
2. Monetary
3. Tax
4. Industrial
5. Trade

Question 2

Public policy

Answer 2

Plan of actions undertaken by government to achieve a broad purpose affecting substantial amount of citizens

Question 3

Economic regulations

Answer 3

1. Market failure
   - fail to take into account the environmental costs because it is bourne by someone else
2. Negative externalities
   - unintended adverse effect that is imposed unto others due to distributing or manufacturing of a product
3. Natural monopolies
   - prevent from raising prices

Question 4

Economic regulations (damages)

Answer 4

1. Levy a fine
2. Pay damages
3. Structural remedy
4. Conduct remedy
5. Ip remedy

Question 5

Predatory pricing

Answer 5

Selling below costs to drive rivals out of business