Impact of legal environment can be illustrated with the help of government regulations to protect................. |
Employee satisfaction Consumer protection Business ethics Product innovation |
Consumer protection |
The impact of legal environment can be illustrated with the help of government regulations to protect consumer’s interests. For example, the advertisement of alcoholic beverages is prohibited. Advertisements, including packets of cigarettes carry the statutory warning ‘Cigarette smoking is injurious to health’. Similarly, advertisements of baby food must necessarily inform the potential buyer that mothers milk is the best. All these regulations are required to be followed by advertisers. |