Regulation and its Influence on Business Activity.

Slides:



Advertisements
Similar presentations
P2 The limitations and constraints under which marketers operate
Advertisements

The Office of Fair Trading A Consumer Council guide to:
P2-Limitations and Constraints of marketing
COMPETITION ACT,  The Finance Minister in his Budget Speech on 27 th February, 1999 stated “The Monopolies and Restrictive Trade Practices Act.
Restraints to competition organized by the State Prevent, control, assess, suppress? Bruno Lasserre, Chairman, Conseil de la concurrence American Bar Association,
Fair Trading Commission Overview of Competition Law The Experience of Barbados Competition law and Policy Training Workshop March 30-31, 2011 The Savannah.
Increasing Social Responsibility
© 2009 South-Western, Cengage LearningMARKETING 1 Chapter 2 SOCIALLY RESPONSIVE MARKETING 2-1The Impact of Marketing 2-2Criticisms of Marketing 2-3Increasing.
FEDERAL ANTIMONOPOLY SERVICE. Government regulation on banking market in Russia Competition aspects.
Knowledge About Marketing Public Policy Decisions Corporate Marketing Decisions Nonprofit & Social Marketing Decisions Competition Within Markets Economic.
Copyright 2006 – Biz/ed Competition, Legislation and Regulation.
HNC/HND Unit Competition Policy.  To explore the role of market legislation and regulation in the UK. In particular the role of the Competition.
Consumer Protection Agencies Introduction to Business & Marketing.
Consumers Aims to afford some parity of power to consumers. KEY LEGISLATION: 1. Sale of Goods Act 2. Trade Descriptions Act 3. Fair Trading Act 4. Consumer.
What the government does A2 Economics and Business Unit 4B By Mrs Hilton for revisionstation.
“Equal and open access to the market in terms of economic integration and increased competition ” Astana Forum, 24 May 2013 Presented by Hassan Qaqaya,
Slide 14.1 Cooper et al: Tourism: Principles and Practice, 3e Pearson Education Limited 2005, © retained by authors Chapter 14 Public Sector and Policy.
Chapter 14 Public Sector and Policy
Chapter 6 legal and ethical issues Section 6.1 Government and Laws
COMPETITION AND THE CONSUMER - WHAT IS IN IT FOR BATSWANA PRESENTED BY DR. SELINAH PETERS AT THE SECOND NATIONAL STAKEHHOLDERS CONFERENCE ON COMPETITION.
Regulation and Deregulation Today. Promoting Competition The forces of the marketplace generally keep business competitive with on another and attentive.
1 Korea Fair Trade Commission Sang-Seop NOH Recent Activities of the KFTC.
Chapter 20 Section 1. Providing Public Goods What Are Private Goods?  Private Goods- Goods that, when consumed by one individual, cannot be consumed.
1 C H A P T E R 14 1 © 2001 Prentice Hall Business PublishingEconomics: Principles and Tools, 2/eO’Sullivan & Sheffrin Market Power and Public Policy:
Competition and Market Structures. Perfect Competition.
Competition, Legislation and Regulation. Market Structure The degree of competition in an industry: Concentration Ratio (CR) – The proportion of market.
Market Dominance. Definition – Market Dominance Firms that have a high market share. Market share can be measured by the share of sales or customers in.
Copyright 2007 – Biz/ed Regulation and its Influence on Business Activity BTEC Business.
SUCCESSFUL BUSINESS PLANNING FOR ENTREPRENEURS © South-Western Thomson Chapter 7Slide 1 CHAPTER 7 The Competitive Analysis OBJECTIVES 7-1Explain competitive.
Approaches to failing markets Daniel Gordon Office of Fair Trading BIICL Transaltantic Antitrust Dialogue 2 May 2007.
Chapter 21 MARKETING - SOCIALLY RESPONSIBLE 1The Impact of Marketing 2Criticisms of Marketing 3Increasing Social Responsibility.
© 2009 South-Western, Cengage LearningMARKETING 1 Chapter 2 SOCIALLY RESPONSIVE MARKETING 2-1The Impact of Marketing 2-2Criticisms of Marketing 2-3Increasing.
1 The regulation of non- banking providers of consumer loans in the U.K. Gordon Ramsay Team Leader, Unsecured Lending Team, Consumer Credit Group at OFT.
Promoting Good Practices in Domain Name Registration Supported by.
MARKET STRUCTURE Perfect competition MonopolyOligopoly.
Erlinda M. Medalla April 27-28, 2006 Hanoi Understanding Competition Policy.
Political and Legal Environment of Marketing. Consumer Legislation The Clayton Act –Law established in 1914 on the subject of antitrust and price discrimination.
Consumer Protection Understand your rights and responsibilities.
Home Economics and Food Nutrition Lesson – objective To understand what the Food Labelling regulations 1995 are Success Criteria – Build – to investigate.
Market Structures.  What is Perfect Competition?
Legal and Ethical Issues Chapter 6 Section 1 Govt. and Laws.
Chapter 6 legal and ethical issues Section 6.1 Government and Laws
Unit # 2 Business Management.  The labels that appear on products can make the difference as to whether or a not a product sells. Labels contain a variety.
LEGAL AND ETHICAL ISSUES Ch. 6. THE ROLES OF GOVERNMENT  “The stability of a government and its policies shape the political climate of a country” 
Market Failure #3 Monopolies
1 Consumer Protection & Anti- competitive conduct in Telecommunications Part V & Part XIB of the Trade Practices Act 1974 Australian Communications and.
Presentation to the 6 th Annual African Dialogue on Consumer Protection Conference, September 2014 The views and opinions expressed herein are those.
1 Understanding the External Environment Unless marketing managers understand the external environment, the firm cannot intelligently plan for the future.
Section 6.1 Government and Laws Chapter 6 legal and ethical issues Section 6.2 Social Responsibilities and Ethics.
Marketing Principles CHAPTER 6 SECTION 1.  Government actions have a great impact on business and its operations.  The US Government has three branches:
The Economic Environment of Business – Lecture 5 Competition Policy.
GOVERNMENT REGULATION Chapter 28. Why does government need to regulate (i.e. pass laws to control the free market)? Brainstorm Anti- competitive practices.
INFLUENCE OF GOVERNMENT ON MARKETING
AS1: Business Studies (Spectrum of Competition)
6.1 Government and Laws.
By Emma, India, Paige CONSUMER FRAUD.
This is the prescribed textbook for your course.
Lesson Objectives All students will understand the importance of regulation in some markets Most students will be able to assess the why the regulation.
National Capitalism and Competition
LT: Explain the roles government plays in our free enterprise system
Government Intervention
THE GOVERNMENT AND THE ECONOMY
LT: Explain the roles government plays in our free enterprise system
Presentation in the Launch Meeting of the 7-UP Mark II/ Mekong Project 23-24/4/2004, Hanoi, Vietnam Truong Quang Hoai Nam Director General - Legal Department.
Identify the roles government plays in our free enterprise system
Organisations that protect the interests of consumers
$100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500.
Identify the roles government plays in our free enterprise system
Regulation and its Influence on Business Activity
Presentation transcript:

Regulation and its Influence on Business Activity

Why Regulate? Anti-competitive practices Unfair trading Misleading marketing

Why Regulate? Bodies have been set up to prevent firms engaging in these activities Also, to protect other businesses and consumers from negative impacts

Who Regulates? The Office of Fair Trading can refer cases of uncompetitive practices to... The Competition Commission - used to be called Monopolies and Mergers Commission Advertising Standards Authority regulates non-broadcast adverts

Regulation Law The main legislation is the Competition Act 1998 and The Enterprise Act 2002 It follows the provisions of European Community law It grants new powers to authorities to ‘police’ anti-competitive activity Also allows for damages to be sought by firms and consumers

More on the Regulators The Competition Commission: Independent public body Makes in-depth enquiries into mergers and markets In 2004, major enquiries were carried out into the sale by Morrison's the grocers of stores to Waitrose and Sainsbury's

More on the Regulators Advertising Standards Authority: Independent body It administers the British Code of Advertising, Sales Promotion and Direct Marketing In 2005, it upheld objections to campaigns by the David Lloyd Leisure group and SkyEurope Airlines

More on the Regulators The Office of Fair Trading: Advises firms on how to comply with the law Upholds consumer rights Ensures that firms compete fairly In 2005, the areas investigated included residential care homes, the impact of public subsidies and Internet spam scams

For More Information Visit the Regulators’ Web sites at: