Consumer Rights and Responsibilities

Slides:



Advertisements
Similar presentations
Ch. 20 Section 1 Managing Your Money.
Advertisements

Introduction to Business and Marketing. Objectives Describe seven protections that are included in the Consumer Bill of Rights Describe the responsibilities.
Consumer Issues and Advertising. Learning Objectives To be able to understand consumer protection and legislation To develop an understanding of methods.
Consumer Rights and Responsibilities
16 Chapter Consumer Protection Pressures to Promote Consumer Interests
ESSENTIAL STANDARD 2.00 Understand the nature of business. 1.
CH Established in 1962 by president John F Kennedy Originally a set of 4 rights (3 more were added later) CONSUMER RIGHT = CONSUMER RESPONSIBILITY.
Essential Standard 2.00 Understand the nature of business. 1.
Introduction to Business © Thomson South-Western ChapterChapter Consumers in the Global Economy Consumer Buying Decisions Consumer Rights.
Objective Understand Sales and Consumer Laws BB30 Business Law 6.01 Summer 2013.
What is the consumer protection act? For many products, society has laws and standards that the designer must meet. These help to protect the users, by.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 15 SLIDE Consumer Buying Decisions Consumer.
5.01 Students will be able to understand the rights and responsibilities of consumers.
Chapter 15 Review.
Managing Your Money Consumer Rights Consumer: someone who buys goods or services You can enter any profession or business that you choose You can.
What is a brand?  A word or name that helps the consumers distinguish one product from another.
Introduction to Business Final Exam Study Guide 2010.
Economics Content Statement 5 The Economy and You Mr. Leasure 2014 – 2015 Harrison Career Center.
Consumer Protection. How Does Government Protect Consumers Through Legislation: – Consumer laws are a form of government regulation which protects the.
Becoming a Smart Consumer. Smart Consumers Think about whether they need a product, whether they can afford it and how they can purchase it carefully.
 You are protected from the sale of dangerous products.
Consumer Education JEOPARDY! Get ready to play… Consumer Education JEOPARDY! 1.The room will be divided into two groups or teams. 2.Each side will take.
Competencies Define consumer terms. Define agencies and publications that deal with consumer protection. Recognize what it means to be a “wise consumer.”
Back to Table of Contents pp Chapter 23 Consumer Rights and Responsibilites.
The purpose of this presentation is to help consumers understand the rights & responsibilities of buyers and sellers under consumer protection laws, as.
+ Warm up In 3-5 words, define each of the following: 1. Phishing 2. Skimming 3. Pyramid scheme 4. Ponzi scheme Answer the following question: 1. How can.
Political and Legal Environment of Marketing. Consumer Legislation The Clayton Act –Law established in 1914 on the subject of antitrust and price discrimination.
Consumer Rights & Responsibilities.
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Consumer Buying Decisions Consumer Rights and Responsibilities.
Consumer Protection Understand your rights and responsibilities.
Rights First set of 4 fundamental rights Right to Safety Products must not endanger consumer’s lives or health.
Managing Spending  TLW: prepare a budget to help you manage your money wisely.  Activity: Read pages Class discussion. Complete managing Your.
Chapter 3.  I can understand the important role consumers play in the economy and can describe how consumers make decisions.
Consumer Rights and Responsibilites
Chapter 19 Lesson 1 Personal Finance. Consumer Rights  As a consumer you have many rights.  Consumerism is a movement to educate buyers about the purchases.
CONSUMER EDUCATION Chapter 3 Consumer Protection.
Good Afternoon! 9/11/13 Today we are: –Discussing consumer rights and responsibilities Consumer Obligations Next class: –Comparison shopping – ideas? Tuesday:
Consumer Bill of Rights Essential Question: How does the Consumer Bill of Rights protect consumers? 1.
KEY TERMS: 5.01 Consumer Rights and Responsibilities.
ECONOMIC EDUCATION FOR CONSUMERS ○ Chapter 3 WHAT’S AHEAD 3.1Consumer Rights and Responsibilities 3.2Government and Consumer Protection 3.3Deception and.
Standard 3 Objective 4 Describe the rights and responsibilities of buyers and sellers under consumer protection laws.
Vocabulary 6 rights of consumer Expressed Warranty Implied Warranty Guarantee As is FTC 6 rights of consumer Expressed Warranty Implied Warranty Guarantee.
5.01A - Students will be able to understand the rights and responsibilities of consumers.
The 8 Consumer Rights. Can you name some of them?
Being an Informed Consumer In this lesson, you will Learn About… The questions to ask before purchasing a product. The factors you should consider when.
Consumer Rights and Responsibilities
Bell Quiz What are three ways to gather “Consumer Information?”
Ch. 26 Becoming a Smart Consumer
Consumer Rights The right to be informed The right to safety
Prof. Dr. A. D. Adhav FOUNDATION COURSE-II CLASS:-S.Y.B.COM.
Objective 5.00 Understand Consumer Rights, Responsibilities and Information A Students will be able to understand the rights and responsibilities.
Consumer rights and responsibilities
Consumer Powers & Protections
CHAPTER 15 Consumer Protection
5.5 Consumer Protection Objective: Demonstrate how to be a responsible consumer in the 21st century.
Consumer Rights and Protections
Lesson /29/2018 LESSON 5.1 CONSUMER INFORMATION
Competencies Define consumer terms.
Economics & the Consumer
Consumer Rights And Responsibilities.
The 8 Consumer Rights.
How do I contribute to the economy?
Chapter 10 Consumer Power. Chapter 10 Consumer Power.
Consumer Protection Act 1986
Consumer Rights and Responsibilities
The 8 Consumer Rights.
Management & Society MGT 3800 Communications Intensive Course
Identity Theft Someone wrongfully acquires and uses a consumer’s personal identification, credit, or account information. If you’re a victim Place fraud.
ADVOCATES ASSOCIATION FOR SOCIAL RESPONSIBILITY AND AWARENESS
Chapter 10 Consumer Power. Chapter 10 Consumer Power.
Presentation transcript:

Consumer Rights and Responsibilities

1962: President Kennedy presented 4 basic consumer rights. Basis for government action and legislation aimed at protecting consumer interests. Along with each right, the consumer has a certain responsibility to act within the boundaries of that right. Background

The Right to Safety Right: Responsibility: Consumers have the right to know that the product/service is not dangerous. Food and Drug Administration and the Consumer Product Safety Commission Responsibility: Using, caring for, storing and disposing of products safely. Read all information booklets and labels carefully, and follow the manufacturer’s directions/advice. The Right to Safety

The Right to be Informed To be protected against false and misleading information about goods and services. Laws prohibiting advertisers from giving false information and misleading the public. Responsibility: Seek information and use it to make wise decisions, and understand that a claim that sounds too good to be true probably is. The Right to be Informed

Right: Responsibility: To be exposed to a variety of goods and services at competitive prices. Laws prohibiting monopolies. Responsibility: Choose goods and services carefully. Shop around, support reputable businesses. The Right to Choose

Right: The Right to be Heard Responsibility: To complain if a product/service is not satisfactory. Follow chain of command at a business, or file a complaint with the Better Business Bureau or State Bureau for Consumer Protection. Civil lawsuits as a last resort. Responsibility: Speak up and let your likes/dislikes be known. The Right to be Heard

For each of the rights and responsibilities, give a specific example of how this affects the goods/services you purchase. Application: