Objective 1: Identify fraud, deception, and unfair practices that cause the greatest consumer injury. Objective 2: Stop fraud, deception, and unfair practices through law enforcement. Objective 3:
Prevent consumer injury through education
.
What is the goal of the FTC?
THE FEDERAL TRADE COMMISSION'S (FTC) MISSION:
To prevent business practices that are anticompetitive or deceptive or unfair to consumers
; to enhance informed consumer choice and public understanding of the competitive process; and to accomplish this without unduly burdening legitimate business activity.
What are the 3 bureaus of the FTC?
Three bureaus do the work of the FTC:
Competition, Consumer Protection, and Economics
. Several other offices help implement the mission of the bureaus. The Bureau of Competition's job is to promote competition in the marketplace and to challenge business practices that work against competition.
What is the purpose of the Federal Trade Commission FTC )? Quizlet?
What is the Federal Trade Commission? the nation's consumer protection agency and one of the government agencies responsible for keeping competition among businesses strong. Its job is
to make sure companies compete fairly and don't mislead or trick people about their products and services
.
What are the 3 strategic goals of the FTC?
The FTC's Mission:
Protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education
without unduly burdening legitimate business activity.
Who does the FTC report to?
FTC's work is performed by
the Bureaus of Consumer Protection, Competition and Economics
. That work is aided by the Office of General Counsel and seven regional offices.
What is an example of FTC?
The Federal Trade Commission is divided into three bureaus that have different regulation and protection responsibilities. … For example, the FTC
might investigate whether a retail company has special agreements with a supplier that violates anti-trust law and gives them an unfair advantage over their competitors
.
What powers does the FTC have?
The FTC has the
ability to implement trade regulation rules defining with specificity acts or practices
that are unfair or deceptive and the Commission can publish reports and make legislative recommendations to Congress about issues affecting the economy.
What kind of complaints does the FTC handle?
The FTC's Bureau of Consumer Protection
stops unfair, deceptive and fraudulent business practices by collecting reports from consumers and conducting investigations
, suing companies and people that break the law, developing rules to maintain a fair marketplace, and educating consumers and businesses about their rights …
Does filing a complaint with the FTC do anything?
The FTC cannot resolve individual complaints
, but it can provide information about what steps to take. The FTC says that complaints can help it and its law enforcement partners detect patterns of fraud and abuse, which may lead to investigations and stopping unfair business practices.
What are the 8 basic rights of consumers?
| Sl.No Rights | 1 Right to be heard | 2 Right to Redress | 3 Right to Safety | 4 Right to Consumer Education/ Right to be Informed |
|---|
Is the FTC effective?
Despite criticism of its regulatory inadequacy, the FTC has
successfully brought legal actions against many businesses
addressing a wide range of data privacy issues including peer-to-peer file sharing, social media networking, spam, spyware, behavioral advertising and failure to adhere to privacy commitments.
What is the FTC doing to stop robocalls?
The FTC takes
the illegal callers' phone numbers you report and releases them to the public each business day
. This helps phone companies and other partners that are working on call-blocking and call-labeling solutions. Your reports also help law enforcement identify the people behind illegal calls.
What are FTC rules?
The FTC
enforces federal consumer protection laws
that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation.
What are the goals of the FTC quizlet?
The Federal Trade Commission (FTC) is an independent federal agency whose main goals are
to protect consumers and to ensure a strong competitive market by enforcing a variety of consumer protection and antitrust laws
.
Which of the following is a major function of the Federal Trade Commission FTC )? Quizlet?
7. The main purpose of the Federal Trade Commission is
to find violators and punish them
.
