many cities are rated the top polluted cities because of chinas manufacuting. They have almost no regulation on environmental protection which allows them to save a lot of money. There are also no regulations on workers abuse and labor laws. Chinas companies don’t comply with any laws that are put into place by communist china because the government does not regulate them at all. With chinas government manipulating the currency there are able to get .25 to .40 cents for ever U.S. dollar. China also
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“interlocking directorates”. For example the CEO of a company cannot sit on the board of Directors of its competitor. This legislation made this conflict of interest illegal. Also in 1914 the Federal Trade Commission Act was passed. This legislation the government agency known as the Federal Trade Commission. This agency consisted of 5 members and they were responsible to investigate suspected unfair competitive practices which they discovered on their own or at the request of a third party( usually an injured
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Post Crises reforms and regulations The global financial crises displayed various weaknesses in the financial system. Ever since the crises, there have been sincere efforts in trying to eliminate or reduce the chances and impact of a future crisis. Four main areas of reform were identified by the international policy makers and sufficient work has been done to implement them (The Regulatory Response to the Global Financial Crises, 2014). Although Australia has not been affected as much as the
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Business Entities, Laws, and Regulation Danielle Carter BUS 415 March 19, 2012 Frank Poe Introduction For many companies to experience success, they should be able to come up with the experienced essential that will help them operate their businesses in the well-organized way as possible. Furthermore, there are ultimately three things that many companies need to pay attention of, for instance, taking control, liability and taxation issues. No business can ever be successful if they do
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1. Why are environmental scanning and analysis important to marketers? They are important to marketers because you can gather information about forces in the environment and get to interpret it then you can market based on what you feel would be the best way to either use or avoid the forces. 2. What are four types of competition? Which is most important to marketers? The four types are brand competitors, product competitors, generic competitors, total budget competitors. Brand competitors are
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I do not believe that the government should impose price floors or price ceilings; instead they should allow the process of supply and demand to dictate the equilibrium price which serves as the rationing mechanism. Price ceiling artificially keeps prices from rising too high, which in theory allows consumers to afford the product or service, but can result in shortages and rationing. A price floor keeps prices from falling too low, which can protect producers, but can generate excess supply and
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internal regulations that are not necessary for honest corporations are imposed on all corporations that are competitors, honest corporations do not gain a competitive advantage over those who have violated the law. In some situations these honest corporations could bear higher costs than do rogue corporations. Who then benefits from such rules? First, standardized rules make it easier for the regulators to supervise the corporate subjects of the regulation. Regulators include not only government regulators
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A. Summarize the four major pieces of legislation collectively known as the Antitrust Laws. Sherman Act of 1890: The Sherman Act set the foundation for government to prohibit monopolies and to prosecute any market fixing. It gave the courts the ability to break up monopolies and prevent any sort of anticompetitive practices. It also gave individuals and parties the ability to sue the alleged for damages brought upon by these now illegal practices. Clayton Act of 1914: Many felt that the
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Industrial regulation is a set of policies and restrictions created to limit the power of monopolies and simultaneously protect consumers. Industrial regulation exists because left unchecked, large trusts or corporations can control markets and prices in ways that unfairly hurt consumers. Industrial regulation affects markets by limiting business practices of firms and ensuring that ample competition exists. The entities that are most affected by industrial regulation would be natural monopolies
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market. Since there are only a few firms in an oligopoly that supply goods, the lack of competition causes high prices. Industrial regulation helps consumers get fair prices regulated by the government. Industrial regulation reduces market power of oligopolies, prevents collusion and increases market competition. The tool used to accomplish these tasks is price regulation. 2. Monopoly – a market structure where one producer controls supply of a product. There is a lack of competition causing greater
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