Please wait - loading…

2.5 - Legislation

Description

Year 10 Business Studies (Section 2) Mind Map on 2.5 - Legislation, created by Helen Johnson on 03/27/2018.
Helen Johnson
Mind Map by Helen Johnson, updated more than 1 year ago
Helen Johnson
Created by Helen Johnson over 4 years ago
112
1

Resource summary

2.5 - Legislation
  1. Keywords
    1. Legislation

      Annotations:

      • A set of rules that governs the way society operates. It is another term for laws.
      1. Consumer Laws

        Annotations:

        • Laws that have been introduced to prevent business from treating their customers unfairly.
      2. Consumer rights act 2015
        1. Consumer laws are laws that have been introduced to prevent businesses from treating their customers unfairly.
          1. The consumer rights act 2015 provides consumers with protection and clear rights when buying goods and services.
            1. The act covers product quality, returning goods, replacements and delivery rights.
              1. Products sold to consumers must be of a satisfactory quality, fit for purpose and as described, e.g. gluten-free bread must be gluten-free.
                1. Goods delivered to home are protect against going missing and getting stolen.
                  1. They are also protected against late delivery.
                    1. Businesses cannot put unfair terms in contracts with customers, e.g. hidden fees for flights.
                    2. Consumer laws
                      1. Product safety
                        1. Food and safety act

                          Annotations:

                          • 1990- makes it illegal to sell unsafe food that can cause illness.
                          1. Food and drug act

                            Annotations:

                            • 1984- Things can and cannot be added to food and makes it illegal to make food in unclean buildings.
                            1. Consumer protection act

                              Annotations:

                              • 1987- stops businesses selling dangerous products to consumers and makes them liable for any injures caused by defective products.
                            2. Product labelling
                              1. Labelling of food regulations

                                Annotations:

                                • 1970- Packaging must contain a list of ingredients on the label.
                                1. Weights and Measures Act.

                                  Annotations:

                                  • 1986- the weight or measure of the contents of the product should be correct and stated on the packet.
                                  1. Unfair trading regulations

                                    Annotations:

                                    • 2008- Makes it illegal to give consumer incorrect information on packaging and labelling.
                                  2. sale of products
                                    1. Consumer credit act

                                      Annotations:

                                      • 1974- stops businesses charging very high interest rates on loans, e.g. car loans.
                                    2. Using information
                                      1. Consumer Misuse act

                                        Annotations:

                                        • 1990- prevents people looking at information stored on computers they have no right to read.
                                        1. data protection act

                                          Annotations:

                                          • 1988- Controls the use of consumers' information.
                                      2. Effects of consumer law on business
                                        1. Drawbacks include increases in the cost of production, e.g. out of date food cannot be sold.
                                          1. Businesses cannot sell customer details for extra money without customer permission.
                                            1. Benefits of consumer laws include: the law creates more trust with customers so that could result in higher sales.
                                              1. Consumer laws mean all businesses have to provide safe goods so competition is fair across the market or industry.
                                              Show full summary Hide full summary

                                              Similar

                                              Business Studies Unit 1
                                              emily.mckechnie
                                              Business Studies Unit 2
                                              tara.springate
                                              1.3.1 Characteristics of Successful Entrepreneurs
                                              Molly Hills
                                              Unit 1: Business Studies GCSE
                                              Libby Rose
                                              Unit 3 Business Studies
                                              Lauren Thrower
                                              BUSS1
                                              Sophie Davis
                                              The skills needed to be a successful entrepreneur
                                              rhiannafordx
                                              The skills needed to be a successful entrepreneur
                                              Rosie Wallis
                                              AS - Buss1 - Formula Cards
                                              Sophie Davis
                                              How to Turn Business Failure into Business Success
                                              Micheal Heffernan
                                              Chapter 40: Promotion
                                              19leesia