16 - Legislation

Question 1

consumer protection

Answer 1

consumer protection laws ensure that businesses do not exploit their customers. they ensure that -
* products are safe
* are of approve standard/quality
* consumers are treated fairly if they are unhappy
* product info is available

Question 2

compeititon policy

Answer 2

in place to protect the interests of consumers and businesses such as
- restrict cartel activity
- abuse of market power
- anti-comeptitive measures

Question 3

cartel activity

Answer 3

when businesses work together to manipulate a market and limit competiton

Question 4

anti-compeitive practises

Answer 4

anti comeptive mergers, acquisitons ect

Question 5

employee legislation

Answer 5

prevents exploitation of workers
* governs the power of trading unions
* stipulates pay and working conditions ect

Question 6

environment protection

Answer 6

aims to force businesses in to pay for the cost of clean up or repairing damage to the environment
* pollution
* traffic congestion
* resource delpetion
* destruction of wildlife

Question 7

health and saftey legilsation

Answer 7

have to provide a safe and health workplace and facilities for staff and customers
* temp and noise levels
* breaks and rests
* hygiene
* preventing stress

Question 8

impact of legislation on business

Answer 8

legal change can cause costs in a business.
however not implementing it could cause legal fees, a ruined reputation adn reduced competitiveness