Discuss the Political and Regulatory Environment of Business as It

question 35

Essay

Discuss the political and regulatory environment of business as it relates to the protection of consumers. Name and describe at least two laws that had a major impact on fair competition, consumer protection, or industry-specific regulation.

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Definitions:

Japan

An island country located in East Asia, known for its rich culture, technological advancements, and economic power.

Gain-Sharing Programs

Compensation programs where employees receive benefits from the company's cost-saving measures or productivity increases.

Profit-Sharing Programs

A company policy where employees receive a share of the company's profits, usually in addition to their standard salaries, as a form of incentive.

Skill-Based Pay

A compensation system where employees are paid based on their skills, competencies, or acquired certifications, rather than their job title or position.