Legislation

• Why is there a need for legislation in business?

  To regulate business practices and protect stakeholders
• What is consumer protection?


  Legislation that ensures the rights of consumers are upheld
• How does consumer legislation affect businesses?

  It requires businesses to comply with standards that protect consumers
• What is employee protection?

  Legislation that safeguards the rights and welfare of employees
• How does employment legislation affect businesses?

  It mandates fair treatment and working conditions for employees
• What is environment protection?

  Legislation aimed at preserving the natural environment
• How does environmental legislation affect businesses?

  It imposes regulations that businesses must follow to minimize environmental impact
• What is competition policy?

  Legislation that promotes fair competition among businesses
• How does competition policy affect businesses?

  It prevents anti-competitive practices and promotes market fairness
• What is health and safety?


  Legislation that ensures safe working conditions for employees
• How does health and safety legislation affect a business?

  It requires businesses to implement safety measures to protect employees