effects of legislations on businesses

Question 1

effects of health and safety legislation on a business:

Answer 1

1. increased costs = training, protective equipment
2. legal action if not met = fines, damage to reputation
3. productivity benefits = fewer accidents
4. improved staff retention

Question 2

effects of competition policy on a Business

Answer 2

1. a more balanced and competitive market = barriers to entry may be reduced
2. increased innovation
3. restrictions = mergers may be prevented

Question 3

effects of environmental protection on a business:

Answer 3

1. increased costs
2. reduce costs
3. legal action if they fail to comply
4. improved reputation

Question 4

effects of employee protection on a Business

Answer 4

1. increased costs
2. legal action
3. helps improve employer/employee relationship
4. safeguards and protects employees
5. good track record = easier to find better quality candidates
6. more rigorous selection procedures to make sure there’s no discrimination

Question 5

effects of consumer protection on a business:

Answer 5

1. increase costs
2. refunds
3. legal action
4. increased trust