Shared Flashcard Set

Details

consumer protection act
Part of legislation
6
Business
12th Grade
10/18/2021

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Cards

Term
What is the nature of the CPA?
Definition
All parties in the supply chain can be held liable by the consumer
Term
Purpose of the consumer protection act
Definition
  • Establishes national standards to protect consumers
  • Promotes responsible consumer behaviour
  • Ensures that consumers are not misled/deceived by suppliers of goods/services
  • Strengthens a culture of consumer rights and responsibilities
Term
Advantages of the CPA
Definition
  • Resolve disputes fairly
  • Business may build a good image
  • Gain consumer loyalty
  • Businesses may be safeguarded from dishonest competitors
Term
Disadvantages of the CPA
Definition
  • Confidential business info may become available to competitors
  • Penalties for non-compliance may be very high
  • Many business documents need to be simplified at extra cost
  • Replace/repair if fault occurs within 6 months after purchase
Term
Discriminatory actions according to the CPA
Definition
  • Denying proper information
  • Varying the quality of goods when selling in different areas
  • Treating customers differently based on age, race, gender
Term
What are the rights of customers 
Definition
  • Right to choose
  • Right to privacy and confidentiality
  • Right to fair and honest dealings
  • Right to information about products and agreements
  • Right to fair marketing
  • Right to accountability from suppliers
  • Right to fair terms and conditions
  • Right to complain
  • Right to equality in the consumer market place
  • Right to return goods/claim refund
  • Right to fair value/good quality
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