Fair Trading Commission November 4, 2014 Mobile Business Clinic (St. James) 1.

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Presentation transcript:

Fair Trading Commission November 4, 2014 Mobile Business Clinic (St. James) 1

 Promote efficiency in the production and distribution of products  Promote lower prices, better quality and greater variety of products 2

 Fair Competition Act, 1993  Applicable to all businesses in Jamaica  Benefits both businesses and consumers 3

 Price competition  Nonprice competition Product quality Customer service Packaging Creating new products/services 4

5

 Section 37 of the Fair Competition Act- Misleading advertising  Provide customers with material information 6

7

 Consistency Advertising methods (flyers, newspapers) Advertised vs. actual product/service  Provide information about your refund policy 8

 Sensitize staff about products or services  One price should be attached to a product Section 39 of the FCA- Double ticketing  Price on shelf should be the same as price at cash register Section 41 of the FCA- Sale above advertised price 9

 Cartels Price fixing Market allocation Market division Bid rigging 10

11

12

Questions 13

THE END 14