Which of the following is not a goal of consumer protection laws? Facilitate consumers’ getting extended credit when making purchases . Manufacturers making false or misleading claims about a competitor’s product is: Illegal and unethical.
Which of the following is a consumer protection law?
The FTC’s Bureau of Consumer Protection protects consumers against unfair, deceptive, or fraudulent practices . ... The FTC Act prohibits unfair or deceptive advertising in any medium. That is, advertising must tell the truth and not mislead consumers.
Which of the following is not a goal of consumer protection laws?
Which of the following is not a goal of consumer protection laws? Facilitate consumers’ getting extended credit when making purchases . Manufacturers making false or misleading claims about a competitor’s product is: Illegal and unethical.
Which of the following is not a consumer?
Algae are producers, which prepare their food themselves through photosynthesis. They are not consumers.
Which of the following is are core rights of consumers group of answer choices?
The Consumer Bill of Rights pushed for by John F. Kennedy established four basic rights; the right to safety, the right to be informed, the right to choose, and the right to be heard .
Which two consumer rights would customers?
in the Consumer Bill of Rights. Consumers are protected by the Consumer Bill of Rights. The bill states that consumers have the right to be informed, the right to choose, the right to safety, the right to be heard, the right to have problems corrected, the right to consumer education, and the right to service .
What is the Consumer Financial Protection Act?
The Consumer Financial Protection Act of 2010 is an amendment to the National Bank Act . Its role is to increase oversight and help to protect consumers with financial transactions. ... The CFPB’s role is to centralize the regulation of various financial services and products.
What are the important terms of consumer protection act?
The Act seeks to promote and protect the interest of consumers against deficiencies and defects in goods or services . It also seeks to secure the rights of a consumer against unfair trade practices, which may be practiced by manufacturers and traders.
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 |
|---|
What is the purpose of the Consumer Protection Act?
To promote consumer education , To establish a legal framework for the achievement of a consumer market that is fair, accessible, efficient, sustainable and responsible, To promote fair business practices, To protect consumers from unfair, unreasonable and/or improper trade practices.
Who is not consumer with example?
1-2-1c ANY PERSON WHO OBTAINS THE GOODS FOR ‘RESALE’ OR COMMERCIAL PURPOSES’ IS NOT A CONSUMER – The term ‘for resale’ implies that the goods are brought for the purpose of selling them, and the expression ‘for commercial purpose’ is intended to cover cases other than those of resale of goods.
Which are the following responsibilities of consumer?
- Consumer must Exercise his Right: ...
- Cautious Consumer: ...
- Filing Complaints for the Redressal of Genuine Grievances: ...
- Consumer must be Quality-Conscious: ...
- Do not be carried away by Advertisements: ...
- Insist on Cash Memo:
What is not consumer explain?
1 : a person or thing that is not a consumer especially : a person who does not consume or utilize a particular good or service nonconsumers of dairy/tobacco products.
What are two main consumer responsibilities?
Five consumer responsibilities include staying informed, reading and following instructions , using products and services properly, speaking out against wrongdoing and lawfully purchasing goods and services.
What 3 things must goods be under the Consumer Rights Act 2015?
- Satisfactory quality – your goods shouldn’t be faulty or damaged, and of at least satisfactory quality. ...
- Fit for purpose – you should be able to use it for the purpose they were supplied for.
What are the 5 basic rights of consumers?
In this lesson, we will identify and discuss the five major rights of consumers: safety, information, choice, voice, and redress .
