Legislation Flashcards
What are some legislation acts for the workforce?
Equality Act 2010
Disability Act 1995
Equal Pay Act 1970
How does legislation impact businesses?
Compliance
Reputation
What does legislation do?
Provides protection
Prevents unfair competition
What are some examples of labour law relating to industrial relations?
Trade Union Act 1984, ballots, vilifies leaders
Employment Act 1990 have to hire even if in Union
What is is price fixing?
Competitors agreeing to control price
What is predatory pricing?
Setting prices low to push competition out
What is charging excessively high prices?
monopolies discriminating against consumers
what are protectionist policies?
tariffs to stop unfair trade
what is a dominant position?
50% + market share
What is imposing unfair trading terms
Exclusivity with suppliers
What is tying
stipulating a buyer can only purchase one product with another
What is merger control
Protect competition
no merge if high revenue or high market share
Fair Trading Act
What is enterprise
new businesses
new goods and services
What is an enterprise allowance
funding for people who want to start their own business
loan and a grant
What is funding for lending
BOE allow banks to borrow money to offer low cost loans
What is enterprise finance guarantee
loan guarantee scheme
What non-financial support is available for businesses?
infrastructure
What is infrastructure
transport, communication
HS2 , greater connectivity, expense for consumers
What are the benefits to being in the EU
Wider target market
no tax on export
zero barriers to entry
membership fee
EU law superseeds uk law
Example of environment legislation
Environment protection act
what is important to eu’s environmental laws
Climate change
pollution
waste management
Why is env important to business
Goals, objectives
Reputation
Expensive?
