Political & Legal Change

• What are changes in the external environment that affect businesses?

  Political and legal changes
• How can political and legal changes impact businesses?

  They can present opportunities and threats
• In what ways can political and legal changes affect decision making?

  At corporate and departmental levels
• What was a threat to businesses due to the National Living Wage?

  Total costs increased for many businesses
• How do competition laws affect businesses?

  They ban acquisitions that reduce competition
• What do employment regulations require from businesses?

  Support and protection for employees
• How do environmental protection laws affect businesses?

  They provide guidance on pollution compliance
• What scandal was VW accused of related to environmental regulations?

  Failing to comply with environmental regulations
• What happened to Three's takeover of O2 in 2016?

  It was banned due to reduced competition
• What is a political factor that supports new start-up businesses?

  Enterprise schemes
• What role do regulators play in the political environment?

  Ensure businesses follow industry rules
• How does infrastructure relate to the political environment?

  It supports trade and supply systems
• What does international trade involve?

  Trading goods and services internationally
• What scheme does the government provide for new businesses?

  A loan access scheme
• What is the role of the Financial Conduct Authority?

  To ensure fair banking and lending practices