Final answer:
The government is believed to hold the most power over businesses and society due to its ability to enforce laws, levy taxes, provide subsidies, and initiate or cease wars and trade deals.
Step-by-step explanation:
In reflecting on this semester and our course material, my view remains the same: the
government
holds the most power and influence over both businesses and society. We explored numerous SWOT and stakeholder analyses that demonstrated how the government's powers directly impact the operations and success of businesses.
The government's capacity to enforce laws, rules, and policies, for example, can greatly shape the actions of businesses and the public. Moreover, the government's authority to levy taxes, provide subsidies, and offer various forms of support can dramatically influence the operational efficiency and success of businesses. Also, the government's ability to initiate or cease wars and negotiate trade deals profoundly impacts both the business sector and society.
Given the clear and significant influences the government can exert, these examples solidify my belief that the government holds the most power and sway over businesses and society.
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