Legislatuon Flashcards
Consumer protection targets:
5
>consumer rights >prices >product quality >product safety >trading and age restrictions
How does consumer protection affect businesses
> dealing with complaints
increases in costs
changes in business practices
quality control
Employee protection
Legal obligations
> employment contract
discrimination
unfair dismissal
equal pay
How does employment legislation affect businesses
> changing working practices
loss of flexibility
higher labour costs
Environmental protection problems:
With out this business activity may have an adverse effect on the environment Problems include: >pollution >destruction of wildlife habitats >traffic congestion >resource depletion
How does environmental legislation effect businesses
> operations management
marketing
finance
Competition policy
This stops firms exploiting consumers by using anti competitive practices this includes:
>increasing prices
>restricting consumer choice
>raising barriers to entry
How does competition policy affect businesses
Neg
> negatively by constraining firms activities
> positively as more start ups can happen, more competitiveness will benefit the economy
Health and safety
Due to danger employees face the government aims to protect them by improving health and safety. This includes:
>providing adequate safety equipment
>ensuring workers have enough space to complete their work
>guaranteeing a hygienic environment
How does H&S affect business
> penalties if not complied with
costs
improve business image