Topic 7.4 - Political and legal change Flashcards
1
Q
Competition law
A
- prevent companies agreeing to work together
- prevent monopoly being formed
- prevent abuse of power
2
Q
Labour market laws
A
- Equality
- minimum wage and national living wage
- discrimination
3
Q
What are employees entitled to
A
- notice before dismissal
- redundancy
- right to a written employment contract
- right to request flexible working
- right to be paid minimum wage
- right to parental time off
4
Q
Environmental laws
A
- emissions into air
- storage, disposal and recovery of business waste
- storage and handling of hazardous substances
- packaging
- discharges of wastewater
5
Q
Impact of changes in laws
A
- will affect long term operations
- affect profit
- affect projects they are able to perform
6
Q
Joint venture
A
Agreement between firms to collaborate on specific areas of common interest
7
Q
The role of regulators
A
- control prices
- regulating the product or service provided
8
Q
The impact of laws on infrastructure
A
- higher quality infrastructure - faster and more reliable delivery’s
- higher quality education - higher skill workers
- health care - fewer absences
9
Q
Impact of government policy’s on the environment
A
- green taxes
- subsides
- laws and regulation
10
Q
Government policies relating to international trade
A
- promoting free trade
- tariff - taxes on imports only
- quotas - volume of imports
- EU - free trade between European countries
11
Q
Government policies relating to enterprise
A
