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(c) St Patrick's Cathedral Grammar School Form 6 2005 Government and Business The affects of government policy on business.

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Presentation on theme: "(c) St Patrick's Cathedral Grammar School Form 6 2005 Government and Business The affects of government policy on business."— Presentation transcript:

1 (c) St Patrick's Cathedral Grammar School Form Government and Business The affects of government policy on business.

2 (c) St Patrick's Cathedral Grammar School Form Government Policy Government policy affects business in many ways, such as the Consumer Information Act of 1978 in which it is illegal for firms to make false or misleading claims about their goods and services. Government policy affects business in many ways, such as the Consumer Information Act of 1978 in which it is illegal for firms to make false or misleading claims about their goods and services. Another act is the Sale of Goods and Supply of Services Act 1980, which is designed to ensure that goods and services bought by consumers meet certain minimum standards. This increases the expenses of the business. Another act is the Sale of Goods and Supply of Services Act 1980, which is designed to ensure that goods and services bought by consumers meet certain minimum standards. This increases the expenses of the business. These acts all make businesses spend more money because they have to maintain a certain standard. These acts all make businesses spend more money because they have to maintain a certain standard.

3 (c) St Patrick's Cathedral Grammar School Form Government Policy The government has set up agencies to help the consumer such as, the Office of Director of Consumer Affairs to help ensure that firms obey legislation. This means that businesses have to maintain a certain standard because if they don’t they will be punished. The government has set up agencies to help the consumer such as, the Office of Director of Consumer Affairs to help ensure that firms obey legislation. This means that businesses have to maintain a certain standard because if they don’t they will be punished.

4 (c) St Patrick's Cathedral Grammar School Form Government Policy; Taxation The policy of taxation is very important for a business e.g. the more they pay in tax, means less profit for the owners. The policy of taxation is very important for a business e.g. the more they pay in tax, means less profit for the owners. If the rate of taxation becomes very high, then Irish businesses become less competitive on the Global market. If the rate of taxation becomes very high, then Irish businesses become less competitive on the Global market. If the taxation rate becomes very high, then some companies based here may decide to go elsewhere. If the taxation rate becomes very high, then some companies based here may decide to go elsewhere.


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