Competitive Strategies and Government PoliciesManagement has recognized the effect of changes in the real-worldcompetitive environment and government policies on other industriesand anticipates similar events occurring in their industry, so they askyou for a report considering the following points.Develop a slide Microsoft PowerPoint presentation.Address the following questions: New companies entering the market, mergers, and globalization, onpricing and the sustainability of profits: Identify the type of mergeractivity 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, includingtaxes and regulations in place to address issues related to externalities Global competition on the decisions made by management withregards to change in labor demand, supply, relations, unions, and rulesand regulations in your chosen industryRecommend how the industry you chose may respond to each of theprevious points.