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Business Studies IGCSEPDF 29
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● Consumer protection law:
Legislation ensuring customers are treated fairly and products are safe.
● Employment law:
Rules protecting workers’ rights, such as fair wages, working conditions, and
discrimination prevention.
● Health and safety law:
Regulations requiring businesses to ensure a safe working environment.
● Competition law:
Laws preventing monopolies and ensuring fair competition between businesses.
● Data protection law:
Regulations that require businesses to handle personal data responsibly and
securely.
Technology:
●
The practical application of scientific knowledge to improve production,
communication, and efficiency.
● Automation:
The use of technology to perform tasks with minimal human input.
● E-commerce:
The buying and selling of goods and services online.
● Digital marketing:
The use of online platforms (e.g. social media, websites, email) to promote
products.
● Social media influence:
The use of social platforms and influencers to shape consumer preferences and
buying behaviour.
Innovation:
●
The process of developing new products, services, or methods to improve
competitiveness.
IGCSE Business Studies 0450 Notes