Business legislation has been created for three basic reasons: to protect companies from each other,to protect consumers and to ________.
A)protect the interests of society
B)regulate prices
C)increase world trade
D)regulate monopolies
E)promote environmental sustainability

Question

Quizplus · Accepted Answer

Business legislation also aims to protect the interests of society by promoting fair competition, ensuring ethical and responsible business practices, and supporting the overall economic growth and stability of the country. However, the other options do not fully encompass the main reasons for creating business legislation. Regulating prices and increasing world trade are not the primary purposes of business legislation, while regulating monopolies is a component of protecting fair competition among companies. Similarly, promoting environmental sustainability is important but not the primary reason for creating business legislation.

Business Legislation Has Been Created for Three Basic Reasons: to Protect