contemporary legislations Flashcards
(10 cards)
1
Q
Impact of social ,cultural and demographic issues on a businesses
A
- Businesses need to try and accomodate preferences of diverse consumers to get an increase in sales
- Businesses are encouraged to keep track of trends in different industries
2
Q
Types of ethical misconduct
A
Corruption
* the misse of power or position for monetary gain
mismanagement of funds
* The disregard of the law and financial policy guidelines for another person
Sexual harassment
* involves unwelcome or unwanted conduct of a sexual nature from someone at work
3
Q
impact of Population growth
A
- This may place a lot of financial strain on businesses
- High population growth may put strain on the natural resources of the country
4
Q
Ways to deal with piracy
A
- Patent
license giving sole right to exclude others to use or sell your invention - copyright
legal right given to to the originator to print - Trademark
ways in which businesses identify themselves
5
Q
Impact of dumping
A
- local businesses lose profits as they cannot compete with cheaper prices
- They may also lose income and be forced to close their operations
6
Q
Industrial relations ( types )
A
- Go slow
- Sympathy strike
- Sit down strike
- Wildcat strike
- Lock out
- picketing
7
Q
Purpose of Labour relations act
A
- Provides a framework for labpur between employers and employees
- Promotes collective bargaining at the workplace
8
Q
Functions of trade unions
A
- Represents and protects their members agaonst unfair labour practices in the workplace
- Empower employees about their rights in the workplace and how to apply them
9
Q
Meaning of business sectors
A
the business sectors are subjects of economic resources
10
Q
The relationship between the three sectors
A
- The primary sector extracts the raw resources ,the secondary sector transforms the raw material into products and tertiary sector sells the products and supports the activities of the other two sectors
