Which of the following is most likely true about business legislation?
A) Business laws are enforced only in international markets and not in local markets.
B) Business laws fail to prevent unfair competition among the different companies in a market and tend to encourage monopolies.
C) Business laws usually remain constant over time.
D) Local, national, and state business laws rarely overlap with one another.
E) Business laws that are enforced by government agencies have a major impact on a company's marketing performance.

Question

Quizplus · Accepted Answer

Business laws that are enforced by government agencies can have a significant impact on a company's marketing performance. These laws often dictate how a company can advertise, sell, and distribute its products or services. Failure to comply with these laws can result in fines, legal action, and reputational damage. It is essential for businesses to understand and adhere to these laws to ensure their marketing efforts are legally sound and effective.

Option A is incorrect because business laws are enforced in both international and local markets. 
Option B is incorrect because business laws aim to prevent unfair competition and limit monopolies. 
Option C is incorrect because business laws are updated and modified frequently to keep up with changes in the market and societal needs. 
Option D is incorrect because local, national, and state business laws can overlap and interact with each other in complex ways.

Which of the Following Is Most Likely True About Business