Concept explainers
Agency for the protection of consumers.
Explanation of Solution
Federal Trade Commission (FTC) is a government agency for the protection of consumers. The main purpose of the Federal Trade Commission (FTC) is to protect the customers from unfair trade practices and it gives specific information about the consumer’s choice, quality product, and competitive process received by both producers and consumers. FTC implements laws and build up rules and working methodology. A noteworthy objective is to help and advice organizations so that they may agree the laws. FTC discloses to organizations what is viewed as inequitable, misleading or unlawful and regard as each case without anyone else justifying as opposed to carefully applying a single set of rules for all organizations. Thus, option ‘j’ is correct.
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Chapter 3 Solutions
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