2.5.2 LEGISLATION

Question 1

what is legislation

Answer 1

refers to the laws that are enforced by a governing body to regulate areas such as business practices, health and safety and consumer rights

Question 2

what is consumer protection legislation

Answer 2

laws designed to ensure the rights of consumers are upheld and to prevent businesses from engaging in unfair practices

Question 3

consumer rights act 2015

Answer 3

ensures goods and services are of satisfactory quality, fit for purpose and as described

Question 4

trade description act

Answer 4

prohibits false advertising and misleading descriptions of goods and services

Question 5

what does the consumer protection legislation help to do

Answer 5

helps to maintain trust in the Markey place and protects consumers from exploitation

Question 6

what is the competition policy

Answer 6

laws designed to promote fair competition and prevent monopolies or anti-competitive practices in the market place

Question 7

competition act 1998

Answer 7

prohibits anti-competitive agreements and abuse of market dominance

Question 8

enterprise act 2002

Answer 8

introduces measures for the investigation of mergers that may reduce competition

Question 9

what does the competition policy help to do

Answer 9

helps to ensure that consumers benefit from a competitive market