Formulate the company mission and values

Golden Rules for conducting a responsible business

Group work

III. Tick the right answer.

T	F
		1. The company is in dominance if it is the only one in the market.
		2. The main element of the Competition Law is control over abusive behavior by a firm dominating a market, or anti-competitive practices that tend to lead to such a dominant position.
		3.Competition law is a prerogative and isn’t connected with other laws.
		4.Each country has its ownCompetition law valid only on its territory.
		5.Punitive measures against anti-competitive practices are limited out in terms of percentages of revenues of a company.
		6. Competition law was developed in the 20^th century in Europe.
		7. In Russia Competition law was worked out because many companies broke laws of honest business.
		8. FAS is Federation of American Scientists.

IV. Questions:

1)What do you think about Competition law? Is it necessary for our society?

2) Do you think it works properly?

3) What rules of doing business\competition would you include in it?

4) What companies do to outrun other firms?

5) How can you control competition in the market?

Follow all these rules and you’ll get a success.

When setting up your student company, take some time to consider how you could integrate those Golden Rules into your company wherever possible.

Responsible business conduct should be deeply integrated into the way your company does business and therefore it should be included in your company mission and mirrored in your company values. Make social and environmental responsibility part of your strategy.

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