ADMS 2610 Lecture Notes - Bid Rigging, Consumer Protection, I.R.S. Records
9 Jan 2014
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Document Summary
Back in the day consumers were getting screwed by buying faulty products or being misled by false advertising and has no method of resource. : itinerate vendors: door to door salesmen. Stops businesses from commiting bad processes that limit competition. Price fixing: firms cant get together and fix higher prices to fuck over consumers well they could but not anymore. Price maintenance: cant dictate to the retailers you sell your shit to how much to sell your product for. Bait and switch: advertising one product on a real nice sale butyou only have like 3 in stock bringing people in then telling them theres none left. Lots of fines and lots of jailtime can be issued for all this shit depends on the seriousness. You better be able to show due diligence its your only defense as director as the firm (director is the one who gets fucked if there are environmental regulations not met)
