A federal act was passed in the country of Arahonia which changed the way many of the Arahonian industries worked. Most of the firms in Arahonia had to restructure their strategic plans accordingly. This resulted in the larger firms acquiring the smaller ones which did not exit the market altogether. This scenario best illustrates a(n)________.
A)technology change
B)regulatory force
C)economic change
D)cultural force

Question

Quizplus · Accepted Answer

The passing of a federal act indicates a regulatory force that has affected the way Arahonian industries functioned, leading to a restructuring of strategic plans and acquisition of smaller firms by larger ones. This is a clear example of a regulatory force.

A Federal Act Was Passed in the Country of Arahonia