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Business strategy
Regulations that can constrain business decisions
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[QUOTE="Augusta, post: 306107, member: 25283"] Business organization or companies are heavily regulated by rules. This is why one needs to know these rules as you are starting out a business. They are rules put in place to help constraint some bad decisions that would have been taken by businesses that would have been detrimental to the wellbeing of the consumers or the workers. But the rules in place stifle this because disobeying these rules comes at a Price Like If a business does not obey strict health and safety laws and any staff get injured in the process then such a business owner might go through a big financial punishment So for avoidance of these heavy punishment on one or the business it is good to know these regulations so as to avoid getting into big issues So what are the regulations that st constrain business decisions ensure that the general public and customers are protected. The general labor regulations The health and safety regulations The marketing behavior laws, consumer rights regulations Business competition legislation, Social protection rehulti Business location legislation. All the regulations above need to be known and understood by the business owners in their interest to avoid settle expensive lawsuit due to their negligence of these regulations [/QUOTE]
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