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A-level Business > Legislation > Flashcards

Legislation Flashcards

1
Q

What are some legislation acts for the workforce?

A

Equality Act 2010
Disability Act 1995
Equal Pay Act 1970

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2
Q

How does legislation impact businesses?

A

Compliance
Reputation

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3
Q

What does legislation do?

A

Provides protection
Prevents unfair competition

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4
Q

What are some examples of labour law relating to industrial relations?

A

Trade Union Act 1984, ballots, vilifies leaders
Employment Act 1990 have to hire even if in Union

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5
Q

What is is price fixing?

A

Competitors agreeing to control price

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6
Q

What is predatory pricing?

A

Setting prices low to push competition out

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7
Q

What is charging excessively high prices?

A

monopolies discriminating against consumers

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8
Q

what are protectionist policies?

A

tariffs to stop unfair trade

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9
Q

what is a dominant position?

A

50% + market share

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10
Q

What is imposing unfair trading terms

A

Exclusivity with suppliers

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11
Q

What is tying

A

stipulating a buyer can only purchase one product with another

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12
Q

What is merger control

A

Protect competition
no merge if high revenue or high market share
Fair Trading Act

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13
Q

What is enterprise

A

new businesses
new goods and services

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14
Q

What is an enterprise allowance

A

funding for people who want to start their own business
loan and a grant

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15
Q

What is funding for lending

A

BOE allow banks to borrow money to offer low cost loans

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16
Q

What is enterprise finance guarantee

A

loan guarantee scheme

17
Q

What non-financial support is available for businesses?

A

infrastructure

18
Q

What is infrastructure

A

transport, communication
HS2 , greater connectivity, expense for consumers

19
Q

What are the benefits to being in the EU

A

Wider target market
no tax on export
zero barriers to entry
membership fee
EU law superseeds uk law

20
Q

Example of environment legislation

A

Environment protection act

21
Q

what is important to eu’s environmental laws

A

Climate change
pollution
waste management

22
Q

Why is env important to business

A

Goals, objectives
Reputation
Expensive?

A-level Business (79 decks)

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