Legislation

• What must businesses comply with to protect stakeholders?

  A wide range of laws and regulations
• What can happen if businesses fail to adhere to legislation?

  They may face fines or business closure
• What are the key areas of business legislation discussed?

  • Employment Law
  • Health and Safety Law
  • Consumer Protection Law
  • Environmental Legislation
• What does employment law govern?

  The relationship between businesses and employees
• What is the purpose of employment law?

  To ensure fair treatment and protect workers' rights
• What is the National Minimum Wage?

  The minimum wage set by law for workers
• What does the Equality Act (2010) prohibit?

  Discrimination based on various characteristics
• What must businesses provide to employees according to employment law?

  Written contracts outlining job roles
• How does compliance with employment law impact small businesses?

  It may increase their labour costs
• What must a retail company ensure regarding employee wages?

  Employees are paid the correct minimum wage
• What is the purpose of health and safety law?

  To protect employees and the public from hazards
• What is a key piece of health and safety legislation in the UK?

  The Health and Safety at Work Act (1974)
• What must employers provide according to health and safety law?

  A safe working environment and training
• What is required of employers regarding risk assessments?

  Conduct regular risk assessments and inspections
• How can reducing workplace accidents benefit businesses?

  It can improve morale and lower insurance costs
• What do consumer protection laws ensure?

  Businesses sell safe products and provide accurate information
• What does the Trade Descriptions Act require from businesses?

  To accurately describe their products and services
• What rights do consumers have under the Consumer Rights Act (2015)?

  Rights to refunds, repairs, or replacements
• What must businesses ensure regarding marketing materials?

  They must be accurate and not misleading
• What must a furniture retailer clearly state about their products?

  Whether a sofa is genuine leather or synthetic
• What do environmental regulations require businesses to do?

  Minimise their environmental impact
• What must certain industries monitor according to emission limits?

  Reduce emissions of pollutants
• How can sustainable practices benefit businesses?

  They can enhance reputation and attract customers
• What might a manufacturing company need to invest in for compliance?

  Energy-efficient machinery to meet regulations
• What are the benefits of compliance with legislation?

  • Risk reduction from fines and lawsuits
  • Enhanced reputation with customers and investors
  • Improved employee well-being and productivity
• What challenges do businesses face regarding compliance?

  Costs, complexity, and constant change of laws
• What might a food manufacturer need to revise for compliance?

  Product labelling to meet safety regulations
• What legal challenges has Uber faced?

  Disputes over driver classification as employees
• How has Uber adjusted its business model?

  To comply with employment laws in different regions
• What are the key areas of business legislation and their purposes?

  • Employment Law: Protect workers’ rights and prevent discrimination
  • Health and Safety Law: Protect employees and the public from hazards
  • Consumer Protection: Ensure product safety and accurate marketing
  • Environmental Law: Minimise environmental impact
• What is the conclusion regarding legislation's role in business?

  It shapes operations and stakeholder relationships
• Why is staying informed about legislation important for businesses?

  To navigate the changing legal landscape effectively