1.5.3 - Legislation And Business Flashcards
1
Q
Legislation
A
The laws that country must comply with
2
Q
The purpose of legislation
A
- protecting the rights of consumers through consumer law
- protecting the rights of employees and employers through employment law
3
Q
Consumer law
A
- relates to the quality of products or services
4
Q
Consumer Rights Act 2015
A
- Products must be a satisfactory quality, be fit for the purpose for which they are supposed to be and described as
- customers have to the legal right to reject faulty goods within 30 days
- digital content must be suitable character
- the retailer must be responsible for the safe delivery of goods
- services must be provided with reasonable care
- terms of contracts must be fair
5
Q
Employment Laws
A
- all employees’ pay should be fair and meet minimum wage requirements
- redundancy procedures should be fair
- disciplinary issues and grievances should be dealt with fairly
- health and safety requirements in the workplace should be met
- requirement procedures should be fair and prevent discrimination
- no discrimination
6
Q
Principles of employment law
A
about how a business interacts with its employees
7
Q
Positives of the business meeting legal obligations
A
- positive reputation
- stakeholders feel fairly treated
- more people want to work there
8
Q
Negatives of not meeting legal obligations
A
- business may be taken to court
- negative reputation
- people may be harmed
- business may be temporarily or permanently shut down
