An adequate knowledge of rules and regulations is essential for better business performance.

Monjur Alahi

Justify the following statement :

An adequate knowledge of rules and regulations is essential for better business performance.


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Salim Ahmed Kawsar

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1. Any business in a country can be started, regulated and controlled within the legal framework of a country. 

2. Separate set of laws are framed by all countries to control and direct the business affairs. 

3. Knowledge of law, rules and relegations helps the business managers to take prompt decision in making business policies. 

4. Various laws are implemented for influencing the business, protect and safeguard the business, as well as the consumers.

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