Management and Organizational Studies 2275A/B Lecture Notes - Energy Brands, Bacon, Collection Agency
Document Summary
But there is a perceived view on it. They are relying the consumer"s lack of perceived information to make the decision to buy it. Misinformation the lack of information for consumers to make the right decision. Monopoly = no choices for consumer to make. Location of consumer also important because of the number of available choices. The protection ensures the product is ok: the objective is to find a balance between the free market and protection of buyers and consumers so that they are active and enthusiastic purchasers for the economy. There has to be the transfer of money involved, and there has to be the transfer of ownership. The act applies to the very good itself. The physical product. i. e. gta5 the disc, but not the computer software. Sga does not involve services i. e. a is in contract with b. They go to court and court says the bottom line is a goods contract, not services contract.