Actividad 15: Business Communication

 Business Communication

Legal factors affecting business

Actividad 15

When business companies operate, they expect to face different internal and external factors that can affect their organizational operativity. Among all these factors, legal ones might greatly influence business organizations and affect how different companies operate. There are several legal factors that affect businesses in many forms, including laws and regulations on taxation, employment, contract, securities, immigration, and many more. The law affects the way businesses operate. That is the reason why any business should have a clear understanding and knowledge of the legal environment in which business organizations have a function because these factors may determine its success or failure. 

DEFINE IN DETAIL.  

What is Organizational Law? Organizational law comprising the bodies of law that govern standard legal entities. This means that companies need to operate under their standards and conditions. 

 

What does Employment Law refer to? This is the area of law that governs the employer-employee relationship, and this area exists to protect workers’ rights. 

 

How are Consumer laws defined? It involves all of the regulations and statutes that seek to create a more equitable balance for buyers in the marketplace; avoiding dishonest tactics that could affect the consumers. 

 

What is Securities Law? Is the group of laws and regulations that govern the issuance of securities. 

 

What does Health and Safety at the Workplace refer to? It is necessary for every employee to be safe in their own workspace. That is why Employment laws exist because they need to protect employees from unfair work conditions. 

 

What is Taxation? Taxation, imposition of compulsory levies on individuals or entities by governments.