FTC
What is the FTC
Federal Trade Commission
What is the FDA
Food and Drug Administration
What does the Fair labeling and packaging act do?
Regulate labeling of products and foods.
What does the FTC do?
File complaints of unfair treatment from businesses.
What does the FDA do?
Regulates food, drugs, and medical devices
What does the fair labeling and packaging act require to be correctly labeled?
name and place of businesses, correct amount, what's in the product (and how much)
If enough complaints of a businesses are filed, what will the FTC do?
Conduct an investigation
What is a secondary function of the FDA
Approve new drugs
What does the law/act prevent?
Consumer deception, labels have to be correct
Who files complaints to the FTC?
Consumers, employees, and people who have encountered bad business practices by the said business.
What happens if the business is breaking the rules of the FDA?
Possible lose the business, the FDA will shut them down.
Why was the fair labeling and packaging act created?
To ensure that consumers have the information they need to choose against competing products.
When was the FTC founded? (bonus)
1914
What was the FDA founded? (bonus)
1906
What year was the fair packaging and labeling act founded? (bonus)
1967