Description
Discuss whether or not you believe business law is an important component to the study of business and why.
* Response must be at least 150 words.
Explanation & Answer
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business law relates to all aspects practises and activities that conforms to the laid down procedures in regards to the the day to day running of a business. it covers all aspects of trade from registration to the hiring of the employees for the business. It is an important component to study in the sense that it enables one to a bide by the laws in regards to the trading activities and labour relation.Failing to comply with the law is a serious offence and the company may end up running into dissolution as a result. it is also important to study business because it enables on e to know the codes, ethics laws and terms of a business. Business law also ensures that a company practices in the correct way and that the business runs smoothly and that all the parties involved in the various commerce sectors understand the codes of operation.
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