Business Profile: Provide a brief profile of the business and the industry it occupies, including the business’s market share and competitors, as well as opportunities and threats facing the business and industry outside of the particular governmental action now facing the business.
Governmental Action: Analyze the potential governmental action or political challenge that will affect the business in this particular situation.
Governments at all levels—federal, state, and municipal—exert a significant influence on business. The impacts of these influences may be negative, such as the imposition of costly regulations, or they may be positive, such as the provision of financial incentives for the creation of new jobs. Both negative and positive governmental actions present challenges for businesses: the impact of the action on the business’s “bottom line,” how public opinion will be influenced by the business’s response to a particular action, and the ethical issues associated with each response, for example.
Prompt: This short paper should identify and briefly describe the event planning industry and a specific new event planning business https://shexperience.wixsite.com/shexperience also describe the government impact that it has faced or would be likely to confront such as insurance for accidents such as fires from decor or allergies from face mask from spa party, licences for operation,licences for alcholcol, state restrictions for decor such as releasing lanterns etc.
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