√ Business Regulations: Definition, Types, Objectives and Examples
Business Regulations: Definition, Types, Purpose and Examples - On this occasion About Knowledge will discuss the Regulations. Which in this discussion explains the meaning of regulation, types, objectives and examples briefly and clearly. For more details, please refer to the article regarding the following regulations.
Business Regulations: Definition, Types, Purpose and Examples
Regulation is a rule intended to assist in controlling a group. organizations/institutions, and society in order to achieve certain goals in social life and socialize.
The goal is to be able to control humans or society with certain limitations. This regulation is enforced in various forms of society, both intended for the needs of the general public and in business.
In this case the term self-regulation has been widely used in various fields which still cover a wide area. at u
Generally self-regulation is used to describe a rule which can apply in social life.
In order to understand regulation, one must see from which aspect or field the regulation is used. In this case regulations can be applied or used in state law regulations, company regulations, economic regulations and so on.
Definition of Business Regulations
The definition of business regulation is a rule that is used to control behavior in business, either in the form of legal restrictions by the government, trade association regulations, industry regulations or so forth.
In another sense, in saying that business regulations are rules or ethics which must be fulfilled in carrying out their business by business people. This regulation is made through a series of certain processes in which a group of institutions or the community agrees that they will be bound and follow the rules that have been determined to achieve the goal together.
The function of this business regulation is to regulate the behavior of entrepreneurs and consumers within certain limits. In this case regulations are binding and control the behavior of society or consumers within the scope of business.
Types of Business Regulations
There are several types of business regulations that you need to know, namely these business regulations in consumer protection, business regulations prohibiting monopoly practices, and business regulations in terms of brands.
Business Regulations in the Field of Brands
Regulations in the field of marks are a marker to make it easier to remember. In a brand there are several elements such as numbers, pictures, colors and letters which will be a differentiator between other businesses.
The legal basis for the field of marks has been regulated in:
- UUD NO. 15 of 2001 concerning Brands
- UUD NO.23 TH 1993 Regarding How to Request Mark Registration
- PP NO.7 TAHUN 2005 Concerning Mark Appeal Commission
- PP NO.24 TH 1993 Concerning Services and Goods Classes
- PP NO.51 TH 2007 Concerning Geographical Indications
Brand Scope
There are several scopes of brands including:
- Trademark
This trademark functions as a marker for a business in selling merchandise either individually or in groups or in legal entities so that it can differentiate from other businesses.
- Service Mark
Service marks can be used in service companies, which can be offered either individually or in groups so that they can differentiate with other services.
Brand Protection System
This trademark protection system gets constitutional protection in which rights to the mark are given to the first registrant or First To File. The following are the functions of trademark registration, namely:
- As proof of brand ownership
- As a basis for rejecting other people's trademark applications
- As a basis to be able to prevent the occurrence of the use of the same mark.
Consumer Protection Business Regulations
Consumer protection business regulations have been regulated in Law no. 8 of 1993 regarding consumer protection law. Which in this protection is given to consumers, namely curative protection and preventive protection.
- Preventive protection is protection for consumers when buying or using goods or services.
- Curative protection is protection for consumers as a result of using certain goods or services.
The following are Consumer Protection Principles, namely:
- Principle of Legal Certainty
- Principle of Justice
- Asak Benefits.
- The Principle of Balance
- Principles of Consumer Security and Safety.
Regulations Prohibition of Business Monopolistic Practices
The definition of business monopoly practice is a concentration of economic power which is carried out by business actors who control the production, marketing and certain services. Where this will be able to lead to unfair business competition and can be detrimental to the interests of the general public.
In the implementation of trade in Indonesia itself, entrepreneurs must use the principle of economic democracy. This creates balance and stability between the interests of the general public and entrepreneurs.
There are several things that are prohibited in the regulations, including:
- Entrepreneurs may not monopolize the production and marketing of goods or services
- This entrepreneur can be expressed by carrying out monopoly practices when goods or services are sold has no substitution and has a negative impact on other entrepreneurs because they cannot compete.
- Business actors, whether individuals or organizations, may only control a maximum of 50% of the market share for 1 (one) type of goods or services that are traded.
The purpose of making a ban on business monopoly practices, namely:
- To create effectiveness and efficiency in running a business
- To safeguard the interests of the general public as well as increase the efficiency of the national economy.
- To prevent monopolistic practices and unfair business competition
- To create a conducive business climate by making fair business competition rules.
Thus the explanation about Business Regulations: Definition, Types, Purpose and Examples, hopefully it can be useful and add to your insight
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