Business legislation regulates businesses and protects various stakeholders. It aims to ensure fairness, protect people from harm, and provide a level playing field for competition. Key areas of legislation include employment, consumers, the environment, competition, and health and safety. Employment legislation regulates pay and working conditions to prevent discrimination. Consumer legislation protects consumers' rights regarding product quality, descriptions, returns, and distance selling. Environmental rules regulate emissions, waste disposal, and hazardous substances. Competition law prohibits anti-competitive agreements and abuse of dominant market positions. Health and safety legislation requires businesses to provide a safe working environment.
Marketing is one of the most important part for any company. And for that companies have to follow certain guidelines, which are different for different countries. Also, ethics plays major part in marketing, therefore all marketing campaigns should be ethical according to particular country (community). This presentation shows our view point of marketing campaigns by different companies and it is made on Indian Laws and Ethics
Cost Accounting-
-Meaning of Cost Accounting
-Scope of Cost Accounting
-Nature of Cost Accounting
-Relationship b/w Financial Accounting & Cost Accounting
-Cost Accounting v/s Management Accounting
-Objectives of cost accounting
-Function of cost accountant
-Essentials of cost accounting
-Advantages of cost accounting
-Limitations of cost accounting
-Role of cost in cost accounting
-Cost Unit & Cost Centre
-Cost Techniques
-Costing Systems
-Costing Methods
-Cost Classification
-Components of total cost
-Cost Sheet.
Marketing is one of the most important part for any company. And for that companies have to follow certain guidelines, which are different for different countries. Also, ethics plays major part in marketing, therefore all marketing campaigns should be ethical according to particular country (community). This presentation shows our view point of marketing campaigns by different companies and it is made on Indian Laws and Ethics
Cost Accounting-
-Meaning of Cost Accounting
-Scope of Cost Accounting
-Nature of Cost Accounting
-Relationship b/w Financial Accounting & Cost Accounting
-Cost Accounting v/s Management Accounting
-Objectives of cost accounting
-Function of cost accountant
-Essentials of cost accounting
-Advantages of cost accounting
-Limitations of cost accounting
-Role of cost in cost accounting
-Cost Unit & Cost Centre
-Cost Techniques
-Costing Systems
-Costing Methods
-Cost Classification
-Components of total cost
-Cost Sheet.
Environmental scanning is a concept from business management by which businesses gather information from the environment, to better achieve a sustainable competitive advantage.
Environmental Scanning & Monitoring- Techniques
PEST, SWOT, QUEST
Session on Strategic Management for Management Students, helping them understand basic concepts in the area of strategy formulation for the organizations.
Strategic Business Unit Defined
A strategic business unit is a fully functional and distinct unit of a business that develops its own strategic vision and direction.
This introductory revision presentation guides students through the concept of basic investment appraisal. It examines the nature of capital investment spending and then outlines three common approaches to investment appraisal: payback period, net present value and accounting rate of return. Some key evaluative points relating to investment appraisal are also discussed.
Environmental scanning is a concept from business management by which businesses gather information from the environment, to better achieve a sustainable competitive advantage.
Environmental Scanning & Monitoring- Techniques
PEST, SWOT, QUEST
Session on Strategic Management for Management Students, helping them understand basic concepts in the area of strategy formulation for the organizations.
Strategic Business Unit Defined
A strategic business unit is a fully functional and distinct unit of a business that develops its own strategic vision and direction.
This introductory revision presentation guides students through the concept of basic investment appraisal. It examines the nature of capital investment spending and then outlines three common approaches to investment appraisal: payback period, net present value and accounting rate of return. Some key evaluative points relating to investment appraisal are also discussed.
This revision presentation explains the role of interest rates and how they affect both the cost of business finance and the wider impact on business demand.
Tutor2u - Production, Productivity and Coststutor2u
This chapter considers some core concepts relating to production and productivity (they are not the same!) which will be useful in understanding the theory of market supply. Productivity is a measure of efficiency and changes in productivity have an important effect on the unit costs of supply. In this section we also briefly cover fixed and variable costs and the sources of some long run economies of scale which benefit bigger businesses as they expand. Specialisation is an important AS concept – be ready to apply it to the production possibility frontier for example.
NCA Market Research Consumer Complaints September 2012Amarach Research
New NCA research on customer complaints in Ireland. Read more about the study at the NCA website:
http://corporate.nca.ie/eng/Media_Zone/Press%20Releases/market-research-complaints-process.html
CSR is an increasingly important topic for business students. This revision presentation explains the basic theory behind CSR and outlines the main arguments for and against implementing CSR. Various case studies are also provided together with links to further research.
Tutor2u - Government Intervention – Subsidiestutor2u
Exam questions involving drawing subsidy diagrams are typically found demanding by many students so please remember to revise this area of the course properly and get in lots of practise for this type of government intervention. If your analysis is accurate, you will frequently be given plenty of scope to critically evaluate the role of subsidies particularly when it comes to addressing different types of market failure. Strong evaluation understands the importance of elasticity in assessing the impact and also considers alternatives to subsidies by the government.
On 25 September, Michael Jerabek from the Australian Competition and Consumer Commission addressed the MDCC about such topics as small businesses & the Competition and Consumer Act, advertising & selling, social media and much more.
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Taking steps to meet your legal obligations might seem like a management no-brainer, but only fulfilling your minimum requirements might result in missed opportunities. Understanding the reasons for the various rules, laws and regulations that govern your business will help you take advantage of any benefits they offer while ensuring you stay in compliance at all times.
John Curtin Institute of Public Policy Adjunct Professor, Dr Michael Schaper from the Australian Competition & Consumer Commission presents his thoughts on the changing Australian tertiary marketplace and what is potentially means for Australian universities.
Evelyn was asked to speak before 50 women at the Business Women's Network of York Region November event. She prepared and presented a short primer of employment law as it effects employers, including dealing with such topics as: employment agreements; termination clauses; just cause; bad faith; applicable legislation.
Multinational companies are under increased pressure to train their business partners on compliance rules. This trend is a result of the requirements from international anti-bribery laws like the US-FCPA or the UKBA. These legal concepts require companies to implement so called adequate procedures to combat bribery, including their associated parties like agents and distributors. Here is an example of Roche's compliance training program for third parties.
Multinational companies are under increased pressure to train their business partners on compliance rules. This trend is a result of the requirements from international anti-bribery laws like the US-FCPA or the UKBA. These legal concepts require companies to implement so called adequate procedures to combat bribery, including their associated parties like agents and distributors. Here is an example of Roche's compliance training program for third parties.
Multinational companies are under increased pressure to train their business partners on compliance rules. This trend is a result of the requirements from international anti-bribery laws like the US-FCPA or the UKBA. These legal concepts require companies to implement so called adequate procedures to combat bribery, including their associated parties like agents and distributors. Here is an example of Roche's compliance training program for third parties.
In this revision presentation we look at recent trends in UK trade union membership, consider how trade unions can affect both pay and employment and challenge the textbook view that union-negotiated pay increases inevitably have negative consequences for employment.
In this revision presentation we cover key examples of pure and quasi public goods and consider the arguments for and against an increase in government spending on public goods.
Poverty Reduction Policies in Low Income Countriestutor2u
This revision presentation covers some of the main causes of continued high levels of extreme poverty in low and middle income countries and considers a range of pro-poor government interventions designed to increase productivity and regular employment and waged income in formal labour markets.
You don’t need to produce a lot of evidence in your macroeconomics exams but knowing some basic and key facts and figures can make your answers stand out from the crowd! Here is a quickfire journey through twenty important economic numbers that won’t change before the exam – use them to support your answer and impress the examiner!
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In this presentation, I have chosen loads of current examples that you might want to use as context in your microeconomics exams. We look at examples from different market structures, recent mergers and takeovers, the world's most valuable companies, the largest employer, unicorn business, de-mergers, the biggest initial public offerings (IPOs) and much else. Hopefully a useful video to go through to add some super examples into your revision notes.
This revision presentation considers the variety of stakeholders impacted by business activity. How will a change in objectives, such as a move from profit maximisation to revenue maximisation have an effect on different stakeholders?
This revision presentation looks at profit satisficing as an alternative objective for businesses. Why might firms satisfice? What are some of the possible consequences for economic welfare and efficiency?
In this short revision video, we look at the substantial productivity gap between the UK and many of the UK’s major competitor countries.
Paul Krugman, the Nobel Prize-winning economist said twenty fives years ago that “Productivity isn’t everything, but in the long run it is almost everything,”
In this presentation we consider the theory of wage-setting with a monopsony employer and the possible impact that a trade union might have on wages and employment. We also look at efficiency wage theory and mutual gains from pay bargaining between stakeholders.
For many economists, the labour market is the most important market of all to study, analyse and evaluate. Like product markets for goods and services, labour markets can also fail. The main types of labour market failure are labour immobility including skills gaps, inequality, disincentives to be economically active, labour market discrimination and the effects of monopsony power of employers.
Updated revision presentation on aspects of behavioural economics and topical issues where behavioural nudges are being used to change the choices of consumers and businesses.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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This article provides a comprehensive guide on how to
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What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
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As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
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2. Law and the business environment
• A set of rules and regulations with
which a business has to comply
• A constraint on action or a threat
• An opportunity!
Always consider the business
effects and consequences
3. Main roles of business legislation
• Regulate the rights and duties of people carrying out
business in order to ensure fairness
• Protect people dealing with business from harm
caused by defective services
• Ensure the treatment of employees is fair and un-
discriminatory
• Protect investors, creditors and consumers
• Regulate dealings between business and its suppliers
• Ensure a level playing field for competing business
4. Key areas to consider
Employment Consumers Environment
Competition Health & Safety
5. Employment
Two main areas of focus
Individual Industrial
Employment Relations
6. Pay - equality
The basic rule:
Men and women are
entitled to equal pay
for work of equal value
7. Pay – equality (2)
• “Pay” includes everything in the
employment contract - bonuses and
pension contributions, as well as basic
wages or salary
• Workers have the right to ask their
employer for information to check equality
– using the equal pay questionnaire
• If they believe their pay is unequal, they
can take the employer to an Employment
Tribunal
8. Pay – National Minimum Wage
• Employers required by law to ensure
they pay their workers at least the
national minimum wage (NMW)
• Makes no difference when a worker
is paid (monthly, weekly, daily,
hourly). The NMW still applies
9. Pay – NMW Rates (2008/9)
Current National Minimum Wage Rates
Year from Workers aged Workers aged Workers aged
22+ per hour 18-21 per hour 16-17 per hour
(main rate) (development
rate)
1 October £5.80 £4.83 £3.57
2009
10. Discrimination
Sex, including pregnancy and maternity
Marital / civil partnership status
It is illegal for A person's disability
an employer to Race
Age
discriminate Sexual orientation
against an Religion/belief
Trade union membership or non-
employee on membership
the basis of… Status as a fixed-term or part-time
worker
11. Where discrimination laws apply
• Discrimination laws apply in many areas of
employing staff - i.e.
• Recruitment
• Employee contract - terms and conditions
• Promotions and transfers
• Providing training
• Deciding what fringe benefits employees
receive
• Employee dismissal
12. What is an employment right?
Something to which an
employee is entitled
which is protected by
law
13. Examples of employment rights in UK
• Laws provide a variety of “rights” for
employees, including:
• Reasonable notice before dismissal
• Right to redundancy
• Right to a written employment contract
• Right to request flexible working
• Right to be paid national minimum wage
• Right to take time off for parenting
14. Industrial Relations
• Protection from unfair dismissal
• Employers must recognise union is
>50% of staff are members
• Regulation of procedures for industrial
action (e.g. ballots)
• Role / powers of Employment Tribunals
• EU – Works Councils requirements
16. Business to consumer (“B2C”)
Any business
that sells goods
or provides
services to
consumers
17. A business must ensure that
• Goods fit their description
– E.g. organic wine really must be organic
– Businesses need to take care with descriptions – avoid
inaccurate claims
• Must be of satisfactory quality
– Test is of a “reasonable person”
– Must work and have no major blemishes
• Goods are fit for the purpose specified
– E.g. a watch should tell the time
– Businesses should take care when explaining what a
product can be used for
18. Other ways consumers are protected
• Businesses may not use unfair commercial practices –
e.g. misleading advertising
• Customers have a right of return and full refund if
goods /services do not comply with law
• Services
– Must be done at a reasonable price and by the time stated
– Customer can request that unsatisfactory work be repaired or
carried out again at no cost
• Since Oct 2008, consumers buying from home or at
work have the right to a “cooling off period”
• Distance selling regulations provide further protection
for consumers against online businesses
19. Main consumer laws
Distance Selling Gives consumers protection when they buy
Regulations goods or services by mail order, phone or online
The Sale of Requires goods to be as described, fit for their
Goods Act purpose and of satisfactory quality. If they are
not, the customer can reject them
Supply of Customers are entitled to work that's carried out
Goods and with reasonable skill, in a reasonable time, at a
Services Act reasonable price
Trade Required any descriptions of goods and services
Descriptions given to be accurate and not misleading
Act
21. Environmental – key areas
Emissions into the air
Storage, disposal & recovery of
business waste
Storing and handling hazardous
substances
Packaging
Discharges of wastewater
23. Aims of competition policy
• Wider consumer choice in markets for
goods and services
• Technological innovation which promotes
gains in dynamic efficiency
• Effective price competition between
suppliers
• Investigating allegations of anti-competitive
behaviour within markets which might have
a negative effect on consumers
24. Why businesses need to be aware
• To ensure it does not breach
competition law
• To protect its position where
competition law is breached by a
competitor
25. Anti-competitive agreements
Both UK and EC competition law
prohibit agreements,
arrangements and concerted
business practices which
appreciably prevent, restrict or
distort competition (or have the
intention of so doing)
26. Examples of prohibited agreements
• Agreements which directly or indirectly fix
purchase or selling prices, or any other
trading condition (e.g. discounts or rebates,
etc)
• Agreements which limit or control
production, markets, technical
development or investment (e.g. setting
quotas or levels of output)
• Agreements which share markets or
sources of supply
28. Price fixing – what is not allowed
• Agree prices with competitors
• Share markets or limit production to raise prices
• Impose minimum prices on different
distributors such as shops
• Agree with competitors what purchase price
will be offered to suppliers
• Cut prices below cost in order to force a smaller
or weaker competitor out of the market
29. Abuse of dominant position
Both UK and EC competition
law prohibit businesses with
significant market shares
unfairly exploiting their
strong market positions
30. What is a “dominant position”?
Market Share
Having a dominant
of position does not
in itself breach
50% competition law. It
is the abuse of
= assumed to that position that
is prohibited
be dominant
31. Abuses of dominant position
• Imposing unfair trading terms, such as
exclusivity;
• Excessive, predatory or discriminatory
pricing
• Refusal to supply or provide access to
essential facilities
• Tying (i.e. stipulating that a buyer
wishing to purchase one product must
also purchase other products)
32. Penalties for getting caught
• Up to 10% of annual turnover
• Criminal prosecution
• Disqualification as directors
• Civil action by those affected
34. What is health & safety about?
Health and safety is about
preventing people from being
harmed at work or becoming ill, by
taking the right precautions and
providing a satisfactory working
environment.
35. Health & safety responsibilities
• An employer has important
responsibilities for health & safety
• It is not just about protecting staff –
health & safety applies to many
people who come into contact with
the business
36. Health and safety applies to…
• Employees working at the business premises,
from home, or at another site
• Visitors to the premises such as customers or
subcontractors
• People at other premises where the business is
working, such as a construction site
• Members of the public - even if they're outside
the business premises
• Anyone affected by products and services the
business designs, produces or supplies
37. Examples of H&S industry issues
• Food processing (hygiene)
• Hotels (guest safety, hygiene)
• Chemical production (dangerous
processes, waste disposal)
• Air travel (passenger safety)
• Tour operators (holidaymaker safety)