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Complying with consumer protection regulations increases production costs and raises prices.
Jadyn Sporer
Wiki User
∙ 12y agoIt keeps you from having to deal with legitimate charges that you are in violation of the law.
For the most part, if you are treating your customers fairly the regulations are just telling you to continue what you are doing. Most regulation is simply reaction to abuses taking place. If you aren't part of the abuse, the regulations probably require few changes other than some documentation and/or reporting.
Person rlly we didnt ask 4 a whole paragraph were lazy n just want the answer.
By the way the answer is:
Increases production costs and raises prices
-BloodyBlackRoses
The paragraph above illustrates typical right-wing thinking. If producing a safe product costs more than producing an unsafe one that extra cost is likely to be offset by reduced risk of being taken to court by an injured customer. The case of the Ford Pinto illustrates this. Ford produced a version of the Pinto that would often explode upon rear-end impact. It cost less than $1 more to produce a safer version of the car. But they paid $ millions in legal costs as a result of the original "cheaper" design. Plus they lost market share.
daniel godinez
Smail Aitelkouch
Complying with consumer protection regulations increases
production costs and raises prices
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Which of these is not necessary for the enforcement of consumer-protection regulations?
censorship
What has the author Marion Giordan written?
Marion Giordan has written: 'How to be exploited' -- subject(s): Consumer protection, Consumers 'The consumer jungle' -- subject(s): Consumer complaints, Consumer protection
What is the consumer protection law designed to do?
The consumer protection law is designed to help protect consumers against unfair practices by businesses. It gives consumers various rights when dealing with unsatisfactory products or services.
What has the author Mel S Moyer written?
Mel S. Moyer has written: 'A survey of consumer issues among the people of Ontario' -- subject(s): Consumer protection, Public opinion
What has the author Colm Fox written?
G. R. Foxall has written: 'Consumer behaviour' -- subject(s): Motivation research (Marketing), Consumer behavior, Attitudes, Consumers 'Consumer choice' -- subject(s): Motivation research (Marketing), Attitudes, Consumers, Consumer behavior 'Interpreting consumer choice' -- subject(s): Consumer behavior, Attitudes, Consumers' preferences, Consumers 'Consumer psychology in behavioural perspective' -- subject(s): Consumer behavior 'Strategic marketing management' -- subject(s): Marketing, Management 'Corporate innovation' -- subject(s): Product management, Management, New products 'Consumer psychology for marketing' -- subject(s): Consumer behavior, Marketing, Psychological aspects, Psychological aspects of Marketing 'Consumerism' -- subject(s): Bibliography, Consumer protection, Consumers 'Consumer Behaviour Analysis'
What does complying with consumer-protection regulations do?
Complying with consumer protection regulations increases production costs and raises prices.
How do companies pay for the costs associated with complying with consumer-protection regulations?
by raising prices
What does consumer protection regulations do?
Complying with consumer protection regulations increases production costs and raises prices.
What happens to the expenses involed in complying with government regulations?
passed on to the consumer
What is one benefit of consumer-protection regulations?
Consumer protection regulations add a safety net for consumers. The Consumer Financial Protection Bureau monitors financial markets for risks to consumers.
Consumer protection regulations are beneficial because they lead to what?
consumer confidence
Why are Consumer Protection Regulations Beneficial Because They Increase?
consumer confidence
Consumer-protection regulations are beneficial because they increase what?
Consumer confidence
What is one benefit consumer protection regulations?
One benefit of consumer protection is the reduction in injuries and deaths.
What is done with the cost of complying with costumer protection regulations?
eventually passed on to consumers in the form of higher prices
What consumer-protection regulations do not involve?
government censorship
Consumer-protection regulations do not involve what?
government censorship
