Business Studies 1.5.3 & 1.5.4

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1.
The number of people willing to work but out of work and seeking work
2.
Laws passed by acts of parliament. Breaking these laws may result in a fine or even a prison sentence.
3.
Acts of parliament that are intended to protect customers from misleading or dangerous practices by companies
4.
Fit for ________ The goods and services should be fit for the reason they are supplied for,
5.
If something’s wrong with an item a customer has bought and it is not of sufficient _______, they may be entitled to a refund, or replacement
6.
National ______ Wage Applies to nearly all workers and sets hourly rates below which pay must not be allowed to fall or you may be prosecuted
7.
Keeping up with new laws can add to the company expenses adding to the cost of doing business in lost revenue & cost of training or refunds.
8.
a good whose demand drops when people's incomes rise
9.
a good whose demand rises when people's incomes rise
10.
The Equality Act 2010 makes sure that there is no ___________ in this process on age, race, gender, religion etc.