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Respond to the following in a minimum of 175 words: What purpose does the Federal Trade Commission serve and why must business owners be educated on Federal Trade Commission practices? Consider 1 of...

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Respond to the following in a minimum of 175 words:

  • What purpose does the Federal Trade Commission serve and why must business owners be educated on Federal Trade Commission practices?
  • Consider 1 of the following sections of the Federal Trade Commission Act:
  • Deceptive Advertising
  • Labeling and Packaging Laws
  • Sales
  • Regarding the section you chose, provide an example of when a deceptive practice has been used in business and the consequence(s) for the deceptive practice.
Answered Same Day Feb 19, 2021

Solution

Khushboo answered on Feb 19 2021
155 Votes
Federal Trade Commission
The purpose of the Federal Trade Commission is the enforcement of the Federal Trade Commission Act which prohibits the unfair or deceptive acts or practices in commerce. FTC provides protection to the consumers by stopping unfair practices and deceptive and fraudulent practices in the marketplace. This commission is engaged in conducting investigations, suing entities and the people who are involved in the violation of the law. It also helps in developing the rules which will give assurance of...
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