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A government company decides to collaborate with a foreign enterprise for technical expertise. Why this collaboration is easier compared to other forms of public enterprises? - Commercial Applications

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Question

A government company decides to collaborate with a foreign enterprise for technical expertise. Why this collaboration is easier compared to other forms of public enterprises?

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Solution

Collaboration with a foreign enterprise is easier for a government company because of its more adaptable, commercially focused structure. Government companies, unlike statutory corporations or public sector entities, have greater decision-making, financial management, and operational autonomy. This flexibility enables them to negotiate and implement partnerships with foreign firms more successfully, whereas other public enterprises face bureaucratic restraints and rigid regulations that delay such alliances.

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Chapter 6: Public Sector Enterprises - EXERCISES [Page 77]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 6 Public Sector Enterprises
EXERCISES | Q II. 8. | Page 77
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