by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What are Unfair Trade Practices?As the name suggests, an unfair trade practice is using deceptive, fraudulent or unethical means to obtain a business. In most of the countries, such practices are punishable under the law. In the US, such activities are subjected to...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is a Privacy Policy?A company Privacy Policy explains the methods adopted by an organization in handling customers, clients, or employee details gotten in its operations. The Privacy Policy declares the policy of a firm or website in its collection of information...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is Personally Identifiable Information?Personally Identifiable Information, as the name suggests, is the information which can identify a person, whether used solely or with other related information. It may consist of direct identifiers, such as passport data,...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is Predatory Pricing?Predatory pricing means to sell the product at a very low price to harm competitors (companies that are selling competitive products). Predatory pricing generally means one competitor lowering the prices of the product at the very beginning...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is the CAN-SPAM Act?Controlling the Assault of Non-Solicited Pornography and Marketing Act 2003 or commonly known as the CAN-SPAM Act sets forth the rules for the sending commercial e-mails. Violation of the provisions of these rules is punishable under the...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is a Consumer Reporting Agency?Consumers reporting agencies are organizations that produce credit reports. A credit report shows your payment behavior and places you have worked. The reporting agencies then sell this information to creditors, insurers and...
