Competition and Consumer Protection Act 2014 (Junior Cert Business Studies): Flashcards
📚Flashcards
Practise the cards
12 cards from this deck
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Practise the cards
12 cards from this deck
2014 Act protecting Irish consumers
2014 Act protecting Irish consumers
Competition and Consumer Protection Act 2014
Definition of fair competition
Definition of fair competition
Businesses compete on equal terms
Benefits of fair competition for consumers
Benefits of fair competition for consumers
Better prices, quality, and service
Effect of Aldi entering Irish market
Effect of Aldi entering Irish market
Existing supermarkets reduced prices
Full name of CCPC
Full name of CCPC
Competition and Consumer Commission
CCPC's main role
CCPC's main role
Educate consumers & help make informed decisions
CCPC acts as bridge between
CCPC acts as bridge between
Complex consumer law & everyday shoppers
What requires Irish producers meet safety standards
What requires Irish producers meet safety standards
EU membership
Toxic material now banned in toys
Toxic material now banned in toys
Lead-based paints
CCPC's enforcement powers
CCPC's enforcement powers
Impose financial penalties & prosecute businesses
What fair competition motivates businesses to do
What fair competition motivates businesses to do
Keep prices competitive and improve offerings
Type of information Act helps consumers access
Type of information Act helps consumers access
Reliable information