1. Chapter 6 External factors are beyond the control of the business They are constraints as they limit the nature of decisions eg. minimum wage But opportunities exist/ competitive advantage. Some businesses will go beyond their legal requirements

2. The doctrine of vicarious responsibility Employers are legally bound by the actions of their employees Damages underline and know

3. 4 main legal constraints/ controls Employment law Consumer law Competition Law Legislation concerning location

4. Employment law Purpose – protects both sides Worker exploitation Employer loss of output and productivity

5. Employment How are worker rights protected Contracts – discuss Minimum age Working week No discrimination on the basis of race, age, gender, religion, ugly people Termination of employment The employer must not leave himself open to allegations of unfair dismissal. The employee can seek redress at an employment tribunal

6. Impact of employment laws How do they add to costs page 86 Benefits to be gained from going beyond

7. Consumer Protection Law Why do we need this Unscrupulous business owners will exploit The individual consumer is weak compared to the resources of an organisation See 87 Fit for purpose No misleading or deceptive conduct Do laws help or damage the business

8. Monopolies By merger or takeover – a possible breach of market power Air NZ and Jetstar It may be in breach of Competition Commission legislation or a Fair Trading legislation

9. How do monopolies develop Name 3 ways Some drawbacks to the consumer Higher prices, limited choice Restrictive practices Price fixing, collusion, see Richard Pratt youtube Predatory