2.5.2 Legislation Flashcards
What are the main areas that law affect business?
5
- Consumer protection
- Employee protection
- Environmental protection
- Competition policy
- Health and safety
What is the main goal of consumer protection and why?
2
- Ensure firm deliver what they promise to consumer
- No business get unfair adv over comp via deceitfulness
What are the two specific consumer protection Act’s?
2
- Sale of Goods Act
- Trade Descriptions Act
What does the Sale of Goods Act entail?
1
- ‘Goods must be fit for the purpose for which they are sold’
What does the Trade Descriptions Act entail?
1
- Forces companies to ensure every claim of their product is true
What are the key areas of employment law?
5
- Min wage
- Right to contract of employment
- Right to sick, paternity leave
- Redundancy
- Trade union rights
What is the pro and con to a business of minimum wage?
2
- Staff ^motivated, satisfy basic needs
- ^Labour costs, ^unemployment
What is the advantage to a business of increased right to sick, maternity, paternity leave?
1
- Staff feel ^valued, >staff turnover, >cost of recruiting new staff
What are the main areas of environmental legislation?
2
- Landfill tax
- Environmental protection Act
What does the environmental protection act entail?
1
- Sets out structure of waste management and emissions control for UK
What is the CMA responsible for?
3
- Investigating proposed takeovers/mergers
- Investigate anti-comp practices
- Legal action against those who commit cartel offences
What is a cartel?
1
- Group companies operate in same market, agree to control supply/prices
What is the main area of health and safety legislation?
1
- Health and Safety at Work Act
What does the health and safety at work act entail?
2
- Safe physical conditions
- Way hazardous substances must b treated in workplace
What are the pros to a business of the health and safety legislation?
3
- > Incidents that create negative publicity
- Motivate staff, feel safe (Maslow)
- Avoid accidents that may slow productivity
