Deleted user
posted 2 years ago
according to business law why does consumers need protection?
according to business law why does consumers need protection?
Country
  • Canada
Fields:
  • Commercial and Business Law
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Deleted user
posted 2 years ago
"Businesses can be unfair to consumers in several ways, including selling products that are not as advertised, overcharging customers, or engaging in other deceptive or fraudulent practices. Consumers need protection from these types of business activities so that they can make informed decisions about what products to purchase and so that they are not taken advantage of. In addition, businesses often have more power than consumers do. They may be able to negotiate better prices from suppliers or may be able to influence government officials to enact laws and regulations that are beneficial to them but harmful to consumers. Consumer protection laws help redress the balance of power between businesses and consumers."