MANAGMNT 260 Chapter 46: Chapter 46 Notes- OneClass
27 Aug 2016
School
Department
Course
Professor
Document Summary
Chapter 46 (end of notes for exam 2)! Federal trade commission act (1914): grandfather of consumer protection , have the ability to create regulations that are equivalent to statutes ! Whether speci c marketing and sales practices are unfair or deceptive and whether they are harmful to competitors, sellers, etc ! They can tell you you cant do something : procedure: ! Order cease practice: take corrective action ! Ask court to redress: ftc may ask court to award redress ! Giving refunds or damages to injured consumers : ability to establish conduct rules in certain industries ! Advertisement regulated by ftc ( ve member trade commission) ! Its alright if you talk about your competitor, if its true : enforces consumer protection laws/regulations ! Regulate unfair and deceptive practices of cyberspace, consumer fraud, prevention of identity theft ! Mini ftc"s : bring punitive damages , ma: makes everybody an attorney general, make a demand to correct it !
