Professional Documents
Culture Documents
setting standards and guidelines businesses must comply with ensure fair
competition, consumer protection, environmental sustainability. Some areas where
regulations impact commercial activities:
2 **Consumer Protection**: Laws and are in place to consumers from unfair business
practices, such as advertising, fraud, unsafe products. Compliance consumer
protection regulations is essential building trust and maintaining positive
reputation in the market.
. **Taxation**: Tax regulations govern businesses report their income pay taxes,
and comply with tax laws Understanding and adhering tax regulations is essential
avoiding penalties and maintaining financial.