2.5.2 : Legislation Flashcards
What are the main roles of business legislation ?
Regulate the rights and duties of people carrying out business in order to ensure fairness
Protect people from harm caused by defective services
Ensure the treatment of employees is fair and in-discriminatory
Protect investors , creditors and consumers
Regulate dealings between businesses and their suppliers
Ensure a level playing field for competing businesses
What are key areas to consider with legislation ?
Employment - discriminatory laws , equal pay laws , minimum wage
Consumers - faulty goods , age restrictions , credit terms , weights + measures , warranty
Environment - effective waste system , pollution air roads , noise pollution , carbon footprint print , forestation
Competition - copy right , patent , trade markets , monopolisation , price fixing ,
Health + Safety - e-learning
What are the 2 different types of employment ?
Employment is either :
Individual employment or Industrial relations
What is CSR ?
Corporate social responsibility is a business model by which companies make a concerted effort to operate in ways that enhance rather then degrade society and the environment. CSR helps both improve various aspects of society as well as promote a positive brand image of companies.
