Identify and discuss the advantages and disadvantages of business regulations.© BrainMass Inc. brainmass.com June 4, 2020, 3:23 am ad1c9bdddf
The main advantage of business regulations is that it keeps a check on the operations of the business. In other words, it ensures that businesses follow a certain code of conduct and adhere to fair business practices. For example, regulations prevent businesses from engaging in unfair or fraudulent practices such as bribery. Regulations provide a code of conduct or framework for various decision making in the day-to-day working of the business. ...