. Which are the most significant considerations affecting business today? 8. How
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Question
. Which are the most significant considerations affecting business today?8. How can environmental concerns create potential tort liability for business organizations?
100+ words . Which are the most significant considerations affecting business today?
8. How can environmental concerns create potential tort liability for business organizations?
100+ words . Which are the most significant considerations affecting business today?
8. How can environmental concerns create potential tort liability for business organizations?
100+ words
Explanation / Answer
1) Which are the most significant considerations affecting business today?
Today the business environment is mainly influenced by international forces and trends that tend to define how business interacts with customers and respond to competition. Due to the economic struggles and global debt, uncertainty is more pronounced today than in the past. The significant considerations are social norms and cultural values, market competition, government rules and regulations, regional treaty and global alignment, economic rules and government tax policies. Globalization has brought with it both fierce competition and uniformity in the market and it is vital that businesses to develop strategies that improve compliance with prevailing market trends. Furthermore, going green is a strong global force that comes at a cost to small business.
2) How can environmental concerns create potential tort liability for business organizations?
Business torts are legal obligation of one party to a victim due to a civil wrong or injury. The environmental issues may result to harm or uneasiness to mankind or other living creatures and thus may adversely affect usefulness of a resource of earth. Poor healthcare can result to impact economy by less productivity, less income and less development in the nations. It can also act as as a threat to basic human welfare, damages natural and physical capital, and constrains economic growth; thus it involves pure economic loss. Therefore, create potential tort liability for business organizations because individuals are harmed by the actions of others, and thus can avail the options under the law to seek remedies
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