Business Studies Report

Executive Summary
The focus of this report is an explanation of the role of the Australian Competition and Consumer Comission (A C C C). It akso explains the phases in the business life cycle and discusses business responsibilities to its stakeholders.
It is recommended an experienced manager be employed during growth phase of the life cycle

a) The role of the Australian Competition and Consumer Commission
The Australian Competition and Consumer Commission is an independent statutory authority that administers the Trade Practices Act 1974 and the Prices Surveillance Act 1983. It operates nationally for the enforcement and administration of competition and consumer protection laws. Changes to legislation have meant that the Australian Competition and Consumer Comission now has new regulatory powers in sectors such as telecommunications industries, electricity and gas, and they have begun to focus on the small business sector which has recently undergone changes. With this continue...