MGM102H5 Lecture Notes - Product Liability, Statutory Law, Market (Place)
Document Summary
Lecture notes chapter 7- business law: article discussion: how a canadian tomato juice law helped save heinz"s plant in. 250 people who were able to keep their jobs benefited. Improves quality of products (depends on how you define quality) Heinz faces increased production cost higher prices to the canadian. Since canadian market is smaller than u. s. market, canada can"t take. As managers, we have to think about the impact of legislation in all market advantage of economies of scale different regions and how they affect operations. Environmental legislation was used to protect the beer industry from the. In the long term, is protecting canadian industries that are not as cost. Intellectual property: the sale of goods, contract law- legally enforceable agreement if conditions are met: Proper form: fair and competitive practices- antitrust. Encourage competition for lower prices for consumers. Too much competition can discourage companies: consumer protection. Provides protection to an individual/business from their creditors.
