Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.Prepare a presentation of 10 – 12 PowerPoint images plus speaker’s notes in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar:New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits: Identify the type of merger activity in your industry or one with which you are familiar-horizontal, vertical, or conglomerate-and explain why you made that choice.Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalitiesGlobal competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industryGlobal/multinational corporations and their ability to still remain competitive on a local level.Recommend how the industry you chose may respond to each of the previous points

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