explain the importance of business law subject for business students
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The prime purpose of business law is to maintain order, resolve disputes, establish generally accepted standards, protect rights and liberties when it comes to business and its relation to other businesses, government authorities, and the customers.
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t's also important for business owners, managers, and supervisors to understand what rights the business has against other businesses and individuals. ... A basic understanding of business law can help you spot potential legal issues as they come up, make better decisions, and know when to seek legal help
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