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Consumers need protection for a variety of reasons, some of which (but not all) follow:
Protection Against Information Inequalities
A company knows more about their products than do consumers. Some organizations use this information in such a manner that hurts or negatively impacts consumers. For example, the knowledge that a product has blown up in labs but the decision to not conduct a recall because the perceived likelihood (and underlying cost) is lower than that of the recall.
Protection Against Deceptive Advertising
Advertising has traditionally provided a lot more "stuff" than just the key benefits of the product. Some ads may be considered downright deceptive and, given that advertising is very much a direct-to-consumer product, consumers might assume that all aspects of the ad are true. For example, liquor advertisers used to place subliminal images and pictures in the ice cubes within the drink suggesting power and sex, two things that a particular product would not likely provide to the buying consumer.
Protection Against Privacy Sharing/Invasion
Part of the toolkit used by marketers include data mining the information gathered through registrations, sweepstakes and other public-facing data acquisition. Consumers would not want companies to sell and use the information in such a manner that the privacy of the consumer is put at risk. For example, a major US call center decided to offshore operations to another company. That offshore company collected information about the client's customers and sold that information to local companies who, in turn, solicited the customers in the US for products, undermining privacy laws and data access.
What else can I help you with?
Why should the consumers be protected?
Consumers should be protected to ensure their safety, rights, and well-being in the marketplace. Protection measures help prevent fraud, exploitation, and unfair practices, allowing consumers to make informed choices. Additionally, safeguarding consumer interests fosters trust in businesses and promotes fair competition, ultimately benefiting the economy as a whole. By ensuring that consumers are treated fairly, societies can support ethical practices and enhance overall quality of life.
What dictates which goods and service producers should or should not create?
Consumer choices
Analyze how consumers are protected in the event of a breach of the contract for supply sale of goods or services?
Consumers are protected in the event of a breach of contract for the supply of goods or services through various legal mechanisms, including consumer protection laws and the Uniform Commercial Code (UCC). These laws typically grant consumers the right to seek remedies such as refunds, repairs, or replacements for defective goods or services not delivered as promised. Additionally, consumers may also have the option to pursue damages for any losses incurred due to the breach. Regulatory agencies and consumer advocacy groups further support these protections by providing resources and avenues for filing complaints.
Should monopolistic competition be regulated?
Monopolistic competitions should be regulated to protect consumers against exploitation.
Should law protect consumer or businesses?
Both should be protected, Cause there Are people who try to sue business just for money and there are business that steal from people, so both need to be protected by the law. Hope this helps.
What are the ways by which consumers are being protected?
lalalal
Why protect consumers?
Consumers must be protected for an economy to be truly productive. There is a great danger of recession when the owners hold all of the power.
What is The right to BLANK means consumers will be protected from products that are dangerous?
needs it bad
Sharks tigers lions should be protected or destroyed?
should be protected.
Why should are rights and freedoms be protected?
All constitutional freedoms should be protected.
Should endangered organisms be protected?
Yes they should be
Should rainforests be protected areas?
no
Should there be more or less Government Regulation of Commercial Speech?
The level of government regulation of commercial speech should strike a balance between protecting consumers from false or misleading claims while also upholding businesses' right to free expression. Too much regulation can stifle innovation and competition, while too little can harm consumers. It is essential to find a middle ground that safeguards against deceptive practices while still fostering a dynamic marketplace.
Should a flood plain be protected?
a flood plain should be protected or else people would build on one and won't survive
Why should a leatherback sea turtle be protected?
Leather back turtles should be protected because they are rare and we need to keep them safe
Why should consumers look after themselves?
Consumers should look afterthemselves beacuse:after the product has been sold, it becomes thier responsibility.Also as the product belongs to them; they should look after the product.
Why should kiwis be protected?
The kiwi is a flightless bird that is generally native to New Zealand. Kiwis should be protected as they are very few in numbers and have too many predators. If not protected, the kiwi may sooner or later be extinct.
