Pros: Consumers learn to trust ethical brands and remain loyal to them‚ even during difficult periods. Society benefits from business ethics because ethical companies recognize their social responsibilities. It helps avoid regular legal problems. Cons: Business ethics reduce a company’s freedom to maximize its profit. Ethics are different in the various countries and may make international trade slow. Creates divisions among various opinions. Who Benefits: Workers and consumers
Premium Ethics Business ethics Supreme Court of the United States
In 1994‚ the National Association of Attorneys General conducted a nationwide survey that placed problems with automobiles as the number one consumer complaint. Somewhere between 2 - 30% of all new domestic and foreign vehicles sold each year have substantial performance or safety problems that cannot be readily repaired. State lemon laws provide consumers with courses of action they can take when they have purchased a defective automobile‚ motor home‚ or motorcycle. If a vehicle fails to comply
Premium Law Consumer protection Warranty
In this assignment the author will discuss the organisational and legal requirements when planning a funeral service. The beginning part will be the basic issues that need to be made when holding an event and then the legal requirements will be mentioned that should take place when holding this event. Holding an event is a very rewarding exercise provided everything runs according to plan. However things can go wrong and the consequences to the event organiser can be very serious. Events that are
Premium Insurance Contract Risk
1 etc. come under economy brands. Carbolic brands include Lifebuoy and Nima bath soap. Over the years‚ the "popular ’ segment has witnessed rapid growth and has been the category driver. Consumers shift from the premium segment as and when they see better value in the popular category. At the same time‚ consumers upgrade from the economy segment due to increased in tune with the increasing disposable incomes in both urban and rural areas. As a result‚ the industry has witnessed a fifteen percent growth
Premium Brand Household income in the United States Brand management
Competition in health care markets benefits consumers because it helps contain costs‚ improve quality‚ and encourage innovation. The Federal Trade Commission’s job as a law enforcer is to stop firms from engaging in anticompetitive conduct that harms consumers. The agency also provides guidance to market participants - including physicians and other health professionals‚ hospitals and other institutional providers‚ pharmaceutical companies and other sellers of health care products‚ and insurers -
Premium Consumer protection Marketing Economics
franchising. Even with these cons‚ exporting franchises is becoming the popular entry to reach the Indian consumer (“India Country Commercial Guide”). Although there are no specified laws when it comes to exporting a franchise to India‚ licensing has many key laws that affect doing business in India including the Competition Act of 2002‚ the Trademarks Act of 1999‚ the Consumer Protection Act of 1986‚ and other labor and tax laws. Before an agreement is made an Indian court must decide if the
Premium Fast food Franchising Investment
also give example as needed throughout the paper. Anti-trust Laws The first burden that anti-trust laws place on commerce in the global marketplace is established when trying to revise the trade laws to make them consistent with the competition protection principles of antitrust. Increased openness of the U.S. economy makes foreign firms who export to the U.S. additional competitors in many U.S. markets. Foreign export competition is not always sufficiently strong or reliable that we can abandon
Premium Competition law Competition Cartel
prohibit discrimination based upon gender and marital status (subsequent amendments included other prohibited bases‚ such as race‚ color‚ national origin‚ religion‚ age‚ being a recipient of public assistance or exercising rights under the Consumer Protection Act). At AMOCO Credit‚ I had the opportunity to study data patterns across six million credit card accounts. During the course of my work there‚ I evaluated direct mail credit card solicitation programs for profitability and applicant pre-screening
Premium Debt Interest Credit
Magic Bullet Single Shot + ADM 3360 M - Business Law Professor Gilles LeVasseur Written By Student # Executive Summary Introduction This paper explores the truth behind the current legal position of both owners and producers of consumer goods. The perspectives of these two parties will be weighed and measured against one another to determine which one has the advantage‚ what could be causing this advantage‚ and what can be done to even the playing field. The solitary example that will be
Premium Consumer protection Limited liability Law
the contract of sale. The Consumer Protection Act‚ 1986 lays down that defect means any fault‚ imperfection or shortcoming in the quality‚ quantity‚ potency‚ purity or standard which is required to be maintained by or under any law for the time being in force under any contract‚ express or implied or as is claimed by the trader in any manner whatsoever in relation to any goods. An average Indian consumer is noted for his patience and tolerance. Perhaps
Premium Consumer protection Product liability