consumer protection

    Cards (22)

    • reasons for consumer protection
      1. profit motive
      2. unsafe products
      3. false information
      4. globalisation
      5. online buying can be misleading
      6. description of goods
      7. scientific advancements
      8. pressurized sales techniques
    • legislations around consumer protection
      1. safe & supply of goods act
      2. competition policy
      3. environment protection
      4. trade description act
      5. customer credit act
      6. consumer protection
      7. data protection
      8. consumer protection from unfair trading
    • what is legislation
      laws passed down from UK parliament affecting buisnesses
    • what does consumer protection do

      give consumer confidence to purchase
    • what does Trading Standards Department do
      check if local businesses are complying within various trading laws
      • ensure goods are accurately described, properly priced, and sold in correct quantities.
    • What does CMA do
      Competition and Markets Authority
      • investigate businesses who restrict fair competition in market
    • Safe & Supply of goods Act
      goods purchased online must be:
      1. acceptable quality
      2. zero defects
      3. fit for purpose
    • Environmental Protection
      protect environment by lessening the impact businesses have on it
    • Customer credit act
      controls the way businesses lending money operate
    • Customer Protection Act
      states that businesses must act fairly towards consumer
    • Consumer Protection from unfair trading
      must not engage in unfair business activities such as:
      • aggressive sales techniques (harassment)
      • false/misleading information
    • Trade Description Act
      products must:
      1. perform in the way advertised
      2. not have false info
    • Data Protection Act
      businesses must not sell consumer details to other businesses without consumer consent
    • Competition policy
      make sure that competition is fair in all markets
    • Profit motive
      owners may get overwhelmed with drive to make profit and:
      • overcharge for unsatisfactory products
      • not fit for purpose products
    • Unsafe products
      businesses aim to reduce costs so this may lead to products with defects or being lower quality
    • Misleading online buying
      7 day cooling periods are used so that customers can cancel contracts
    • Description of goods
      goods description may not match their description online
    • Globalisation
      products being brought from abroad may not meet the standards of safety required by UK
    • Scientific advancements
      newly developed products have to go through thorough testing before being sold to consumers
    • Pressurized sales technique
      pressured to agree to purchase products consumers don't want or need
      aggressive sales techniques used - customers are exploited
    • Unfair advertising/false info
      in order to increase sales businesses may put out misleading information
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