Bc3
Page 1: Introduction
Title: T-Level Technical Qualification in Management and Administration (Level 3)© 2022 City and Guilds of London Institute. All rights reserved.
Focus: Business context and local/national laws and regulations in relation to trading locations.
Page 2: Learning Objectives
End Goals:Learners should be able to:
Discuss local and political environments regarding trading locations.
Consider types of trading locations suited to different businesses.
Explain differences between application of law versus regulations.
Outline main acts and regulations affecting businesses during trade.
Identify organizations and agencies that apply and enforce legislation.
Discuss the impact of different acts and regulations on businesses.
Page 3: Laws and Regulations in Trading Locations
Key Phrase: "Location, location, location" - critical for business setup.
Importance:
Businesses require specific locations for varied activities like manufacturing, administration, retail, and services.
Legal compliance is easier in strategically chosen locations.
National and local laws affect all business aspects.
Page 4: Definition of Trading
Definition:
Trading: Economic concept involving the buying and selling of goods and services.
Page 5: Trading Location and Political Environment
Characteristics of Trading Organizations:
Mostly in private or third sectors, overseen by public sector organizations.
Public sector enforces local and national laws.
Non-government organizations serve as intermediate enforcers in specific areas.
Page 6: Types of Trading Organizations
Types:
Goods: Tangible products (e.g., food, clothing).
Services: Intangible offerings (e.g., home insurance).
Page 7: Suitable Trading Locations
Examples:
Retail chains located in high streets/shopping centers.
Charity shops in local shopping areas.
Service providers in business park offices.
Page 8: Differences Between Laws and Regulations
Classification:
Primary Legislation: Statutes passed by parliament (affect whole population).
Secondary Legislation: Rules made under authority of primary statutes (e.g., OFCOM regulating communication services).
Page 9: Distinction Between Laws and Regulations
Comparison:
Primary Laws: Civil and criminal laws applicable to all individuals.
Regulations: Specific impact on organizations, with enforcement consequences for violations.
Page 10: Impact of Laws on Trading Organizations
Key Areas of Primary Legislation:
Consumer protection.
Competition law.
Employment law.
Page 11: Consumer Protection
Objective:
Protection against deception, defective goods, and fraudulent practices.
Relevant Legislation:
Consumer Rights Act 2015.
Consumer Contracts Regulations 2013.
Page 12: Useful Links for Consumer Protection
References to relevant resources:
Consumer Rights Act 2015 documents.
Page 13: Competition Law and Legislation
Purpose:
To ensure healthy competition and avoid anti-competitive agreements.
Key Legislation:
Competition Act 1998.
Enterprise Act 2002.
Page 14: Competition Act 1998 Overview
Provisions:
Criminalizes agreements between competitors for price fixing, market sharing, and bid rigging.
Page 15: Cartel Offence Explained
Definition:
Agreements to limit production, customer sharing, or price fixing,
Useful Links:
Guidance on cartel offences.
Page 16: Enterprise Act 2002
Aim:
To enforce stronger control over competition laws.
Page 17: Enforcers of Competition Law
Key Authority:
The Competition and Markets Authority (CMA) oversees enforcement.
Potential Penalties:
Financial penalties of up to 10% of turnover and bans for directors.
Page 18: Additional Enforcement Information
Enforcement Bodies:
CMA and Serious Fraud Office work in compliance with each other for prosecution.
Page 19: Employment Law Overview
Scope:
Managed by HR; involves various legislation like Employment Rights Act.
Page 20: Consequences of Non-Compliance in Employment Law
Consequences:
Legal action, financial penalties, damaged reputation, and loss of sales or employees.
Page 21: Trading Standards Office Functions
Role:
Protect consumers from dishonest practices and aid legitimate businesses.
Functions:
Investigate consumer complaints and illegal activities.
Page 22: Local Trading Standards Administration
Citizens Advice Role:
Manages complaints for TSO, providing a complaint reporting service.
Page 23: Role of Citizens Advice Consumer Services
Support:
Helps consumers with disputes and complaints against traders.
Page 24: Local Authority Business Support
Services:
Offers business support and enforces licensing, planning, and health requirements.
Page 25: Environmental Law's Impact
Legislation:
Environment Act 2021 emphasizes environmental considerations in business decisions.
Page 26: Session Summary
Key Takeaways:
Discussed environments and regulations pertinent to trading locations and their impacts.
Page 27: Questions
Invitation for questions on the content covered.