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Q: What agencies exists to protect American consumers?
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Which of the following agencies exists to protect American consumers?

FDA - study island


Which agency exists to protect American consumers?

The Federal Trade Commissions (FTC): Bereau of Consumer Protection


What are the basic functions of travel agencies?

The travel agency exists to match specials and offers with consumers. The travel agent makes the travel go smooth by prearranging the details of the travel.


What happens to price when a shortage exists?

Consumers bid up the price.


A demand curve is an accurate tool for predicting the decisions of consumers as long as what condition exists?

haha


What states can consumers purchase medicated salt licks with ephedrine?

None because no such block exists.


Why employment laws exists?

To protect the best interests of employees and employers


What legislation exists to protect you against harassment in the workplace?

Equal Opportunities Act :)


What are the causes of consumer exploitation?

1. Illiteracy and Ignorance: Consumers in India are mostly illiterate and ignorant. They do not understand their rights. A system is required to protect them from unscrupulous businessmen. 2. Unorganised Consumers: In India consumers are widely dispersed and are not united. They are at the mercy of businessmen. On the other hand, producers and traders are organized and powerful. 3. Spurious Goods: There is increasing supply of duplicate products. It is very difficult for an ordinary consumer to distinguish between a genuine product and its imitation. It is necessary to protect consumers from such exploitation by ensuring compliance with prescribed norms of quality and safety. 4. Deceptive Advertising: Some businessmen give misleading information about quality, safety and utility of products. Consumers are misled by false advertisement and do not know the real quality of advertised goods. A mechanism is needed to prevent misleading advertisements. 5. Malpractices of Businessmen: Fraudulent, unethical and monopolistic trade practices on the part of businessmen lead to exploitation of consumers. Consumers often get defective, inferior and substandard goods and poor service. Certain measures are required to protect the consumers against such malpractices. 6. Freedom of Enterprise: Businessmen must ensure satisfaction of consumers. In the long run, survival and growth of business is not possible without the support and goodwill of consumers. If business does not protect consumers' interests, Government intervention and regulatory measures will grow to curb unfair trade practices. 7. Legitimacy for Existence: Business exists to satisfy the needs and desires of consumers. Goods are produced with the purpose of selling them. Goods will, in the long run, sell only when they meet the needs of consumers. 8. Trusteeship: Businessmen are trustees of the society's wealth. Therefore, they should use this wealth for the benefit of people. source - enzine articles


Example of factor market?

An example of factor market is the automobile market. This is a market that exists as a result of demand for something that consumers use.


What is the African American holocaust?

a figment of your imagination, no such thing exists.


What is the difference between the situation where competition and producers exists?

two or more producers are trying to sell the same goods and service to the same consumers