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These trust agreements would result in a monopoly. To combat this sort of business behavior, Congress passed antitrust legislation.
Legislation can affect business in many ways. From workplace laws dealing with employer/employee relationships, legislation creating taxes that business must pay, product safety legislation, OH&S legislation and Fair Trade legislation just to name a few. So the purpose of legislation n business is really dependent on what specific legisation you mean..
1. Why is it necessary to have a working knowledge of the legislation involved in business?
1. Why is it necessary to have a working knowledge of the legislation involved in business?
You can request almost anything. However there is no legislation to compel many institutions to conform.
The NAM is a powerful lobbying organization, therefore, more than likely, ANYTHING that is considered favorable to business.
It is necessary to have knowledge of legislation involved in business because it affects how businesses operate and can affect the prices of goods and services.
Very rude business behavior might be talking back to a customer that has a problem. Very rude business behavior might also be ignoring a customer. Very rude business behavior, too can be firing an employee because their opinion does not agree with management.
Discuss THREE (3) reasons that business legislation has been enacted. Give illustration of each person.
In the United States, the main purpose of antitrust legislation is to promote competition in business.
Under William Taft, Congress passed legislation that eliminated business monopolies.
Human behavior in business is the way employees act. They may not always behave in the best interest of the organization.