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Consumer Protection Acts
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Consumer Protection
Consumers are protected from the actions of the business by a number of laws passed by the government. Theses laws ensure consumers don't get ripped off or treated unfairly.
Consumer Protection Laws are:
Sales of Goods Act 1979- Goods and services must be of merchantable quality and should be fit for purpose and do as described.
Trade Description Act- Relates to how businesses deal with and sell to customers. Prohibits false or misleading description of goods and services.
Consumer Protection Act 1987- Aim to stop business from selling dangerous and unsafe products to consumers.
Weight and Measures Act- Weight and measurements of goods must be accurate and suitably labelled on packaging.
Data protection Act- Information should be kept securely and cannot be shared or sold.
Food Safety Act- Only food that is safe for human consumption can be sold. It is also labeling and hygiene regulations.
Consumer Credit Act- Anyone offering credit to the customers must have a licence and state the annual percentage they charge.
Drawback of consumer laws
- Businesses must know the law and keep the law up to date.
- Laws restrict business operating as they would want.
- Businesses have to comply with the law by changing their products and practices and this can be costly.
- Bad publicity of laws not followed.
Benefits of consumer laws
- A business that follows the law is less likely to receive fines from the government or be sued by their customers.
- Meeting business laws can improve the businesses image.
- Improved relationship with stakeholders.
- Good publicity is followed.
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- Notiz am Consumer Protection Acts, erstellt von eddiequeenan99 am 07/04/2015.
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- eddiequeenan99
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