Unit 2.6 - the impact of legislation on businesses Flashcards
What is protected under employment law? (5)
Contracts of employment
Discrimination
Equal pay
Unfair dismissal
Working conditions
Name the effects of the Minimum wage on employers. (3)
It is argued that the National Minimum Wage has made the UK much less attractive to foreign companies who will look to invest in other countries with lower wage levels. Also, some businesses in the UK have moved production and investment to low labour-cost countries in the east of Europe and Asia
Small businesses have been most affected, especially those that are labour intensive, with an increase in their costs
Overall wage costs could have increased because of the pressure to keep existing wage differentials in place – as the wage of the lowest paid workers increases, so must the wages of those on the next level up and so on
What is protected under consumer law? (4)
Product quality
Advertising
Trade descriptions
Safety of products
All marketing and advertising in the UK must follow which rules? (7)
An accurate description of the product or service
Legal
Decent
Truthful
Socially responsible (not encouraging illegal, unsafe or anti-social behaviour)
Including false or deceptive messages
Leaving out important information
Define intellectual property.
Intellectual property refers to creative work such as inventions, literary and artistic works and designs, symbols, names and images used in business
Define patents.
The designs which cannot be used by others without permission for up to twenty years after registration
Define copyright.
Prevents others using artistic works without permission. Such work includes books, music, film, paintings and computer programs
Define trademarks.
Protects brands and symbols from being used by others without permission. Businesses spend large sums of money to protect their brands.
