Antitrust Legislation
Antitrust legislation, aimed at large businesses, impacts business operations by preventing _______ competition.
unfair
Administrative law creates and regulates government agencies on the national, state, and local level that provide _______ to people.
benefits
Grants FTC power to enforce internet regulations regarding privacy, security, and advertising.
US Safe Web Act
To be protected against the marketing of products and services that are hazardous to health or to life.
The right to safety
Last Consumer Bill of Right:
To have access to programs and information that help consumers make better marketplace decisions.
The right to education
In such structures, businesses could decide to set prices unreasonably high, a practice called _________, or to purchase smaller companies that compete against them
collusion
Administrative law enables agencies to _______ businesses.
regulate
Grants consumers the right to stop receiving email (to be removed from a mailing list).
CAN-SPAM Act
To be protected against fraudulent, deceitful, or grossly misleading information, advertising, labeling, or other practices, and to be given the facts needed to make informed choices.
The right to be informed
The ________ of workplace regulations and ________ includes labor and compensation laws, health and safety laws, and equal opportunity laws.
nature
statutes
Developed in 1890, it is the first antitrust law to exist in the US. Its purpose is to provide a “comprehensive charter of economic liberty aimed at preserving free and unfettered competition as therule of trade.” The primary impact of the act is to maintain fair competition among businesses.
The Sherman Act
Prevents anticompetitive, deceptive, and unfair business practices, enhancing informed consumer choice and public understanding of the competitive process.
Federal Trade Commission (FTC)
Makes electronic signatures legally valid.
Electronic Signatures in Global and National Commerce Act - ESIGN
To have available a variety of products and services at competitive prices.
The right to choose
Demonstrating _________________ means choosing the ethical course of action and always being truthful
honesty and integrity
Developed in 1914, the purpose of this antitrust law is to ban “unfair methods of competition and unfair or deceptive acts or practices.”
The Federal Trade Commission Act
Oversees securities exchanges, securities brokers and dealers, investment advisors, and mutual funds in an effort to promote fair dealing, the disclosure of important market information, and to prevent fraud.
Securities and Exchange Commission (SEC)
Protects what can be shown and sold to children under the age of 13 online.
Children’s Online Privacy Protection Act
To be assured that consumer interests will receive full and sympathetic consideration in making government policy, both through the laws passed by legislatures and through regulations passed by administrative bodies.
The right to be heard
There are many laws that methodically protect intellectual property, the rights surrounding creative _________ of designs, ideas, or processes.
invention
This is an amendment to the original Act in 1890 after determining that it did not include certain activities that should be prohibited in order to promote fair competition, the most notable addition being how businesses handle mergers.
The Clayton Act
Regulates business activities that relate to human health and the environment.
Environmental Protection Agency (EPA)
Grants consumers limited liability if their debit card is stolen, and grants consumers the right to choose a financial institution to keep their money in.
Electronic Fund Transfer Act
To work with established mechanisms to have problems corrected and to receive compensation for poor service or for products which do not function properly.
The right to redress:
To protect intellectual property, marketing professionals should have a clear understanding of ______ and _________ assets.
tangible
intangible