Constraints of a Business Plan

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Constraints That Impact on Implementation. Businesses in general need to take into account that there are a number of constraints that may impact on the implementation of their business plan. Business law exists to ensure that firms can engage in lawful activity without impediment, and to restrain unlawful activity by that or any other firm. Constraints that impact on the implementation of a business plan are categorised into six areas. These are: • Legal. • Financial. • Social. • Environmental. • Technological. • Competitive. I will now evaluate these constraints and discuss how, and in what ways, they may impact on the successful implementation of a business plan. Legal Constraints. Legal changes are happening on…show more content…
Otherwise, it is five days from the day the customer receives either a second copy of the agreement or a separate copy of a notice of cancellation rights. Sale of Goods Act 1979. The Sale of Goods Act 1979 is a British Act of Parliament, which regulates contracts in which goods are sold and bought. The Act consolidates the Sale of Goods Act 1893 and subsequent legislation, which in turn consolidated the previous common law. The Sale of Goods Act performs several functions. The Act lays down a small number of compulsory legal rules, but these restrictions are minimal. The majority of the Act is concerned with a vast amount of presumptions and implied terms, which aim to reflect the commercial expectations in the most commonly agreed sales contracts. In the absence of contrary agreement these terms will govern a contract within the Act's remit. The benefits in efficiency, through lower bargaining costs and legal certainty, have led to many adopting the legislation, and versions of the Sale of Goods Act have been adopted in almost all areas of the Commonwealth. The Act applies to all contracts where property in goods is transferred or agreed to be transferred for money. Consumer Protection Act 1989. Consumer protection law is considered an area of public law that regulates private law relationships between individual consumers and the businesses that sell those goods and services. Consumer protection covers a wide range of topics, including but not necessarily
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