2.5.2 Legislation Flashcards
What does environmental protection involve?
The prevention of pollution + environmental destruction
What is the impact of environmental protection on businesses? (3)
- Costs of complying with legislation
- Reduction in potential environmental damage
- Positive branding
What is employee protection?
Where employees have a responsibility towards employees but legislation needed to ensure minimum standards adhered to
What are 3 impacts of employee protection on businesses?
- Decrease in industrial action
- Costs to business e.g. holiday pay
- motivation increases as working conditions improve
What is consumer protection?
Without government legislation, some businesses would exploit customers
What are 3 impacts of consumer legislation on businesses?
- Increase in costs
- Improved quality
- Quality control
What are the 5 areas of legislation?
Consumer protection
Employee protection
Environmental protection
Competition protection
Health and safety
What is competition policy?
Regulations in place to ensure businesses are competing fairly
What are 3 impacts of competition policy on businesses?
- Lowering prices to compete impacts profit
- Improved quality
- Fairer competition
What does health and safety legislation aim to provide?
A safe working environment for employees
What are 2 impacts of health and safety legislation on businesses?
- Costs of complying with legislation
- Increased employee motivation
