√ Business Regulation: Definition, Types, Objectives and Examples
Business Regulation: Definition, Types, Objectives and Examples - On this occasion Regarding Knowledge will discuss Regulations. This discussion explains the meaning of regulations, types, objectives and examples briefly and clearly. For more details, please see the following article about regulations.
Business Regulation: Definition, Types, Objectives and Examples
Regulation is a rule that is intended to help control 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 within certain limits. This regulation is applied in various forms of society, both for the needs of the general public and in business.
In this case, the term regulation itself has been widely used in various fields which are still widely covered. On u
Generally, regulation itself is used to describe a rule that can apply in social life.
In order to understand regulations, of course you have to look at the aspect or field in which the regulations are used. In this case regulations can be applied or used in state legal regulations, company regulations, economic regulations and so on.
Understanding Business Regulations
The definition of business regulation is a rule that is used to control behavior in business, good in the form of legal restrictions by the government, trade association regulations, industry regulations or so on.
In another sense, it is stated that business regulations are rules or ethics that must be fulfilled in carrying out business by business people. This regulation is made through a series of certain processes where a group of institutions or The community agrees that they will be bound and follow the rules that have been determined to achieve their goals together.
The function of business regulations 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 business regulations regarding consumer protection, business regulations prohibiting monopolistic practices, and business regulations regarding brands.
Business Regulations in the Brand Sector
Regulations in the field of brands are a marker to make it easier to remember. In a brand there are several elements such as numbers, images, colors and letters which will differentiate between other businesses.
The legal basis for the field of trademarks has been regulated in:
- UUD NO. 15 of 2001 concerning Brands
- UUD NO.23 TH 1993 concerning How to Request Trademark Registration
- PP NO.7 OF 2005 concerning the Mark Appeal Commission
- PP NO.24 TH 1993 concerning Classes of Services and Goods
- PP NO.51 TH 2007 concerning Geographical Indications
Brand Scope
There are several brand scopes including:
- Trademark
This trade mark functions as a marker for a business to sell merchandise either individually or in groups or as a legal entity so that it can differentiate itself from other businesses.
- Service Mark
Service brands can be used in service companies, which can be offered either individually or in groups to differentiate them from other services.
Brand Protection System
This brand protection system gets constitutional protection where the rights to the brand are given to the first registrant or First To File. The following are the functions of trademark registration, including:
- As proof of brand ownership
- As a basis for rejecting someone else's trademark application
- As a basis for preventing the use of the same brand.
Consumer Protection Business Regulation
Consumer protection business regulations have been regulated in Law no. 8 of 1993 concerning consumer protection law. 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 the use of certain goods or services.
The following are the Principles of Consumer Protection, including:
- Principle of Legal Certainty
- Principles of Justice
- Asak Benefits.
- Principle of Balance
- Principles of Consumer Safety and Security.
Regulations Prohibiting Monopoly Business Practices
The definition of business monopoly practice is a concentration of economic power carried out by business actors who control production, marketing and certain services. Where this can lead to unhealthy business competition and can be detrimental to the interests of the general public.
When carrying out trade in Indonesia itself, entrepreneurs are obliged to use the principles 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 declared to be carrying out monopolistic practices when selling goods or services has no substitutes and has a negative impact on other entrepreneurs because it 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 being bought and sold.
The aims of prohibiting monopolistic business practices are:
- To create effectiveness and efficiency in running a business
- To safeguard the interests of the general public and also increase national economic efficiency.
- To prevent monopolistic practices and unfair business competition
- To create a conducive business climate by establishing healthy business competition rules.
That's the explanation about Business Regulation: Definition, Types, Objectives and Examples, hopefully it can be useful and broaden your insight
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