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Business Legislation Has Been Created for Three Basic Reasons: to Protect

question 39

Short Answer

Business legislation has been created for three basic reasons: to protect companies from each other, to protect consumers, and to ________.
protect the interests of society
regulate prices
increase world trade
regulate monopolies
promote environmental sustainability


Definitions:

Transformation Strategy

A comprehensive approach a company adopts to change its business processes and operations in order to achieve specific goals.

Efficiency

The ratio of the output produced to the input used in the production process, indicating how well resources are utilized.

Flexibility

The ability of a company to adapt quickly to changes in the market environment, production demands, or customer needs.

Process Redesign

The fundamental rethinking of business processes to bring about dramatic improvements in performance.

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