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Chapter 3, 3.2. Created in 1914 Protects consumers from unfair business practices (esp. labels & advertising) Issues “cease and desist orders” Most cities.

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Presentation on theme: "Chapter 3, 3.2. Created in 1914 Protects consumers from unfair business practices (esp. labels & advertising) Issues “cease and desist orders” Most cities."— Presentation transcript:

1 Chapter 3, 3.2

2 Created in 1914 Protects consumers from unfair business practices (esp. labels & advertising) Issues “cease and desist orders” Most cities have local office

3 Created in 1972 Protects consumers from dangerous products Has power over ALL products Sets safety standards, and bans items considered hazardous Provides data to consumers about safety

4 Created in 1970 Enforces laws that protect environment Ensures safe disposal of waste, sets standards for air/water quality Businesses may have to add special equipment to comply, increasing prices

5 Often state requirements are more stringent than federal, and offer consumer departments at the state level

6  Helps businesses gain trust of consumers  Reduce risk to consumers  Warranty only works if company backs it up

7 FULL WARRANTYLIMITED WARRANTY  Specific and written  Repair/replace defective items within a specified time period (no charge)  Explain how to file claim  Written warranty with limitations  Often has expiration of coverage  Must promise solution and explain how to file claim

8  Unwritten guarantee  Offers you right to return even without written warranty


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