[MCS 3040] - Final Exam Guide - Ultimate 23 pages long Study Guide!

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 3040
• Professor: Joseph Radocchia

Document Summary

Canadian business and the law: knowledge of the law as a business asset. The law impacts virtually every aspect of society, including the business environment. The law affects most business decisions from development of the basic business idea through to its implementation, and all the attendant matters in between, including financing, hiring, production, marketing, and sales. Business law: a set of established rules governing commercial relationships, including the enforcement of rights. Protects business ideas and more tangible forms of property. Provides mechanisms that permit business people to manage their participation in business activities and exposure to risk in business ventures. The law facilitates certainty by providing rules, particularly in the area of contracts, that allow business enterprises to plan for the future and to enforce their expectations. In short, legal rules provide definition and context to doing business. International perspective: facebook seeks justice against a notorious canadian spammer. The most familiar purpose of the law is to provide protection.