3.7.4 Analysing the external environment to assess opportunities and threats: political and legal change Flashcards
1
Q
What is business legislation
A
A set of rules and regulations with which a business has to comply
2
Q
What are some purposes of having business legislation?
A
-Deter and prevent unfair competition (monopoly?)#
-Ensure employees are treated fairly and not discriminated against
-Protect customers from harmful business activity
3
Q
3 main areas of legislation
A
Labour Market
Competition
Environment
4
Q
Areas of focus in the labour market? (business legislation)
A
-Fair pay,working hours , discrimination,dismissal
