P6 and M3 Unit 1
Factors Impact upon business Impact upon stakeholders
activity
Legal factors -The employment laws affect -As the employees are
-Employment laws Mercedes Benz as this dictates stakeholders inside Mercedes
-Trade description Act how the employer treats their Benz they would want to keep
employee. Minimum wage them happy as they are a very big
could fall under this topic of part of the business. If the
employee laws as Mercedes employees are happy this means
have to provide their employees that they will work very well and
with a minimum wage in order get their tasks done efficiently. If
for them to do any work for the the employees are demotivated
business. If the minimum wage because their employment laws
was to rise it would not mean are not being met they will not
that Mercedes Benz would start work well making or even go on a
to make people redundant as strike meaning that the business
much but their costs would rise would suffer a great loss. If the
and they would most likely pass employment laws are not being
these costs onto the consumers met the Government will also
increasing the vehicle prices. then intervene as they set these
This will not affect Oxfam as laws in order to insure that the
much as they do not pay the employees are not mistreated. The
volunteers. This means that their government could then take
costs will not rise significantly if further actions if the laws are not
the government decide to raise obeyed. If the volunteers are not
the minimum wage as most of being treated in an adequate
the staff are volunteers. manner in terms of their day to
- The trade description act is day needs they will not want to
important for Mercedes Benz as help out with the organisation as
it makes sure that Mercedes give they don’t have any obligation to
an accurate description of their work with Oxfam. This would in
products when they are showing turn affect the people who are
the cars through advertising. receiving the aid as without the
This makes sure that the help of volunteers they will not
customer is not mislead into revive the essential aid that they
buying the vehicle and they are need.
satisfied with the end product. -This would affect the customers
This affects the business activity directly as they are a stakeholder
as the marketing team in in the business. This would be
Mercedes Benz has to make very beneficial for the customers
sure that whatever that they are that are going to buy the product
showing is within the guidelines as they will be able to decide
and that it shows an accurate whether they want the product or
description of the final product not. This is because if the
that each customer will be information is correct and
receiving. The trade description accurate it would mean that they
act affects Oxfam as the can make an accurate judgment
organisation has to give an on if it is suitable for them. The
Factors Impact upon business Impact upon stakeholders
activity
Legal factors -The employment laws affect -As the employees are
-Employment laws Mercedes Benz as this dictates stakeholders inside Mercedes
-Trade description Act how the employer treats their Benz they would want to keep
employee. Minimum wage them happy as they are a very big
could fall under this topic of part of the business. If the
employee laws as Mercedes employees are happy this means
have to provide their employees that they will work very well and
with a minimum wage in order get their tasks done efficiently. If
for them to do any work for the the employees are demotivated
business. If the minimum wage because their employment laws
was to rise it would not mean are not being met they will not
that Mercedes Benz would start work well making or even go on a
to make people redundant as strike meaning that the business
much but their costs would rise would suffer a great loss. If the
and they would most likely pass employment laws are not being
these costs onto the consumers met the Government will also
increasing the vehicle prices. then intervene as they set these
This will not affect Oxfam as laws in order to insure that the
much as they do not pay the employees are not mistreated. The
volunteers. This means that their government could then take
costs will not rise significantly if further actions if the laws are not
the government decide to raise obeyed. If the volunteers are not
the minimum wage as most of being treated in an adequate
the staff are volunteers. manner in terms of their day to
- The trade description act is day needs they will not want to
important for Mercedes Benz as help out with the organisation as
it makes sure that Mercedes give they don’t have any obligation to
an accurate description of their work with Oxfam. This would in
products when they are showing turn affect the people who are
the cars through advertising. receiving the aid as without the
This makes sure that the help of volunteers they will not
customer is not mislead into revive the essential aid that they
buying the vehicle and they are need.
satisfied with the end product. -This would affect the customers
This affects the business activity directly as they are a stakeholder
as the marketing team in in the business. This would be
Mercedes Benz has to make very beneficial for the customers
sure that whatever that they are that are going to buy the product
showing is within the guidelines as they will be able to decide
and that it shows an accurate whether they want the product or
description of the final product not. This is because if the
that each customer will be information is correct and
receiving. The trade description accurate it would mean that they
act affects Oxfam as the can make an accurate judgment
organisation has to give an on if it is suitable for them. The
