Consumer Protection from Unfair Trading Regulations, 2008
The Consumer Protection from Unfair Trading Regulations gives consumers security from unfair or confusing trading practices and it also bans confusing omissions and forceful sales techniques. The term unfair is defined when a commercial practice falls below the standards of skills and it’s also when it affects the consumers ability to make a right decision on whether or not to buy a specific product.
Consumer Credit Act 1974 and 2006
The consumer credit act controls credit card purchases but also gives you security when you enter into a loan etc. it also gives people the right for a cool off period, furthermore, this act covers the info clients should get before they enter into a credit agreement they also get the technique of calculating yearly percentage for the rates of interest and more.
Consumer Protection (Distance Selling) Regulations
Consumer protection is a group of laws designed to prevent firms that engage in fraud etc. nevertheless, consumer protection laws are a form of government regulation which aims to protect the right of the consumers. The consumer is defined as someone who buys goods for personal use or ownership rather than re-selling the good or using it in production or manufacturing of other products.
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...iano Ronaldo, Kobe Bryant and many more to endorse its products as it can help the company hit the sales target, furthermore, firms also tend to give out free products to celebrities leading them to wear it and giving free publicity which companies like Nike can really benefit from. Celebrity marketing also leads Nike customers to believe that their products helps them, reach a high status and it can also lead many young consumers to believe that they acquired the ability to show off also contributing to the gain of more potential customers.
Relationship marketing is also a key technique used by businesses because it involves building relationships with customers for example giving out discounts and special offers; this can help a business out as the customers may potentially become repeat customers meaning more products would be bought resulting in a bigger profit.
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