Question

3. Do you think that the course of business law is a course that should be taught in business school or not?

Answer 1

Yes, business law should be taught in business school.

Because of the following reasons:-

1. Earlier laws are only known by lawyers, but nowadays it's a demand of the organization.
2. If you are talking about business then laws are automatically come to your mind.
3. For example - Suppose you are starting your own business of FMCG, then you should know the basic rules and regulations of this industry. What are the guidelines by the government, rules and regulations.
4. Is there any minimum wages act, factor act, etc.
5. All these point comes under business law.
6. In today's dynamic environment, professionals must know the legal rules and regulations so that they can run their business easily or an organisation.
7. With good understanding of law a professional will know what is a positive or negative point if there is a change in law, whether it will effect their business or not.
8. There are so many laws, but most of the professionals will face patent or trademark related laws, international trade guidelines, and many more different tax laws.
9. So because of all these things, in today's world a professional must know the business law to run the business easily and efficiently.