Established in 1914, the Federal Trade Commission is an independent regulatory agency in the United States. Its main role is to create a fair and competitive business trade in the United States. Originally established under President Wilson’s administration, the FTC was created to protect the public and businesses from unfair business trade and to formulate a strong and reliable relationship between consumers and businesses. Members of the Federal Trade Commission are appointed by the President and
In the article, “The Possible Benefits of the Federal Trade Commission” by Alexander W. Smith, it addresses competition in trade as warfare, and furthermore, it notes how the Federal Trade Commission is for the people (1916). This means the sum of all of the businesses, government, and politics must be regulated by the Federal Trade Commission in order to be serving the public’s best interests (Smith 1916). Smith argues the “obvious cause of the trust problem is the unlimited power to create corporations
where individual privacy is at risk. The threat of personally identifiable information being linked to individuals is a clear and present danger and various privacy organizations have filed complaints with the Federal Trade Commission regarding these issues (Federal Trade Commission). This paper is an examination of the privacy issues surrounding web advertising. Banner advertising should be examined in a different light from static advertising because banner advertising is directed to individual
deceptive marketing practices and bribery, and therefore does not act within the best interests of the consumers. In America today, many people are in need of medical help. In fact,the Federal Trade Commission estimates that 75% of the population complain of physical problems (Federal Trade Commission 9). They complain, for example, of fatigue, colds, headaches, and countless other "ailments." When these symptoms strike, 65% purchase over-the counter, or OTC, drugs. In order to take advantage of
Implications of the AOL-Time Warner Merger On January 11, 2001, America Online and Time Warner completed their historic merger shortly after the Federal Communications Commission approved the deal with conditions that affect instant messaging and Net cable access. This one hundred and nine billion dollar merger of America Online and Time Warner is one of the largest deals in corporate history. The deal combines the world's largest Internet Service Provider with the world's largest media company
theft is when these criminals obtain and use consumers personal information such as credit card numbers, bank account numbers, insurance information, and social security numbers to purchase goods or services fraudulently. According to the Federal Trade Commission, over 1.1 million people were the victim of identity theft. With this number, it is very evident that identity theft is one of the fastest growing crimes in our country. This paper will attempt to more thoroughly define identity theft. It will
AOL Time Warner On December 14, 2000, the Federal Trade Commission approved the planned merger of AOL and Time Warner after both companies pledged to “protect consumer choice” both now and in the future. The AOL Time Warner merger was approved by the Federal Communications Commission on January 11, 2001, and is the biggest merger in corporate history, then estimated at a total market value of $350 billion. The merger created a ‘powerhouse’ of new and traditional media. AOL Time Warner has led the
transportation ads along with the use of pictures, trade names, display materials, labels, sales talks, sales letters, price lists and catalogs. As any consumer can see, advertisers have many means by which they can "trick'; or deceive us consumers into buying products not planned for. Unlike most tort cases that are decided in the courtroom by a judge, most deceptive advertisement claims are turned over to governmental agencies like the Federal Trade Commission. Agencies like the FTC are better suited
continuous fee paid by the franchisee to the franchisor. The royalty fee is usually a percentage of the gross revenue earned by the franchisee. The Federal Trade Commission (FTC) is authorized by the United States Congress to regulate the franchise business. The Federal Trade Commission oversees the implementation of the Franchise Trade Rule, which requires that franchisors disclose all pertinent information to potential buyers of a franchise, and monitors the activities of franchisors. There
A Harley is the best motorcycle on the road. Harley Davidson is the oldest motorcycle company. A Harley Davidson is a good investment. American riders do not want to ride "Jap Junk." Riders do not want to start on something small and have to trade up. Fact: Harley Davidson is not the only American made motorcycle. There is a myth that Harley is the only American made motorcycle. To believe that, you would need to overlook the Honda of America plant in Marysville, Ohio and the Kawasaki
not know all that much about exercise and dieting. They do not know healthy ways to eat, and they don’t realize that one can’t get the “Perfect Body” in just a few days. These people are possibly victims of Fitness Myths. “In 2002, the Federal Trade Commission released a report that shared a review of 300 weight-loss ads promoting 218 different products. They found the rampant use of false or misleading claims” (FTC, 2003) Misleading fitness products can be particularly damaging. If one is mislead
increased mortality among smokers. Yet it was not until 1964 that the Surgeon General put out a report acknowledging the danger of cigarettes. The first action to curb smoking was the mandate of a warning on cigarette packages by the Federal Trade Commission (Encarta, 2002). In 1971, all cigarette advertising was banned from radio and television, and cities and states passed laws requiring nonsmoking sections in public places and workplaces (Encarta, 2002). Now in some cities smoking is being completely
charges, fake vehicle purchases, and home loans. The average victim has around $18 thousand dollars stolen. Some negative consequences a victim may face is he can?t receive credit, and his mortgage rates get higher. According to the Federal Trade Commission, identity theft was involved in more than 40 percent of the consumer complaints it received last year. This was double the amount from the previous year of 2000. Social security fraud has gone up over the past four years more than 500 percent
the date of it’s origin. Background of the study Identity theft is whereby an individual obtains some piece of an unsuspecting victim’s sensitive information and uses it without their knowledge to commit fraud or theft. According to the Federal Trade Commission (FTC), “people whose identities have been stolen can spend months or years and their hard earned money trying to clean up the mess the thieves have made of their good name and credit record. Some victims have lost job opportunities, been refused
and deceit. Try to study products and know what you are getting yourself into. Buyers Beware. Works Cited American Marketing Association [online]. Available: www.ama.org Better Business Bureau [online]. Available: www.bbb.org Federal Trade Commission [online]. Available: www.ftc.gov
Advertising: Information or Manipulation? In today’s difficult economy who can afford to spend their hard-earned money carelessly? Americans want good quality and low prices, and businesses that advertise their product make saving money possible. Advertising was created for one reason, so businesses could make known their product (Black, Hashimzade, and Myles). Some consumers may argue that advertising is not informative, but that it is manipulative because some advertisements make false
had two major components: o “Every contract, combination in the form of a trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations is declared to be illegal.” o “Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any person or persons, to monopolize any part of the trade or commerce among the several states, or with foreign nations, shall be deemed guilty of a felony” (later changed from “misdemeanor”)
and imprisonment for up to five years, this eliminates the requirement that the Consumer Protection Safety Commission advising the company of noncompliance before seeking criminal penalties. Federal consumer protection laws are mainly enforced by the Federal Trade Commission, the Consumer Financial Protection Bureau, and the U.S. Department of Justice. For example, the Federal Trade Commission has created the National Do Not Call Registry to decrease telemarketing fraud. This service allows the consumer
environmental protection. The relationship between government and business is crucial and critical if American is to remain successful. Government will have to lay aside its bipar... ... middle of paper ... ...cles/cpr28n4-1.html Federal Trade Commission, (n.d.). Protecting America’s consumers. Retrieved from http:// www.ftc.gov/bcp/menus/consumer/data/idt.shtm Goodell, J. (2010). As the World Burns. Rolling Stone, 1096, 30-45, 62. http://search.proquest. com.libproxy.edmc.edu/docview/220179270
New York Eliot Spitzer, gives many consumer tips to finding misleading advertisements. “Push, Pull, and Drag it in, Guaranteed Trade-in $3,000!” This is a ploy slogan that really confuses consumers, especially college students. In reality, the dealers cannot pay money for a trade in no matter how much it is actually worth. The dealers can only put that hypothetical “trade-in money” toward the purchase of another car. “Dealers often raise the prices of the cars on their lots prior to this sale” (Spitzer