Business Law Concepts Essay. Law Assignment. Law is always evolving

Business Law
Student’s Name
Institution
 
Business Law
Successful businesses are those that have adopted new models in the quest to satisfy the ever-changing customer needs while increasing their customer base. Since every activity or operation in the contemporary world seems to be mutually inclusive, business laws ought to be adjusted accordingly to match these arising changes. Adoption of new technologies in business, the aspect of globalization, and labor outsourcing are just but a few of the major developments in business that are likely to impact on business law, necessitating readjustment accordingly. 
It is not a doubt that new technologies have had a huge impact and continue to better the lives of many in society. However, some vices have emerged as a result of new technologies. Cyber threats are the most obvious suspect. Businesses are not immune to the threats that emerge as a result of adopting new technologies. The use of technology to carry out business functions such as marketing and e-commerce is another major development (R...