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Chapter 3
Consumer Protection
Consumer Rights and Responsibilities 3.1
1962, John F. Kennedy Consumer Right = Consumer Responsibility
Right to Safety = Right to be Informed = Right to Choose = Right to Be Heard = Right to Redress = Right to Consumer =
Education Right to a Healthy =
Environment
Use Products Safely Use Information Choose Carefully Express Satisfaction/
Dissatisfaction Seek Redress Be an Educated Consumer
Contribute to a Healthy Environment
Government and Consumer Protection 3.2
Governmental Organizations
These organizations were set up by the government to protect consumers
FTC CPSC EPA USDA NHTSA BBB (not a govt. agency) State Attorney General US Post Office
Warranties
Companies promise that the product will meet specific standards, or they will repair, replace, or refund
(Magnuson-Moss Warranty Act)
Full Warranty Limited Warranty Implied Warranty
Best Buy Performance Service Plan
Deception and Fraud 3.3
Legal but Deceptive Trading Up Sale Price Suggested Retail Price Loss Leader
Illegal and Fraudulent Bait and Switch Pyramid Schemes Telephone Fraud
Resolve Consumer Problems 3.4
Resolve the Problem The Complaint Process Government Involvement to Help Consumers