THEME ONE BUSINESS - costs within legislation

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THEME ONE BUSINESS - costs within legislation

Advantages

  • increased training budget
  • wage costs will be higher
  • administration costs will increase

Disadvantages

  • increases the likelihood of legal action if failing to meet requirements of law
  • continuous process to keep  up with new legislation increases time spent on dealing with laws
  • the reputation of the business may suffer
  • businesses can be shut down

Evaluation

if wage costs go up profits will go down

Comments

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