Some examples of government legislation in the united states which is aimed at protecting consumers include the following.
- Federal Food, Drug, and Cosmetic Act,
- Fair Debt Collection Practices Act
- the Fair Credit Reporting Act
- Truth in Lending Act
- Fair Credit Billing Act
- The Gramm–Leach–Bliley Act
<h3 /><h3>How does Government protect Consumers?</h3>
Government provide legislation which helps in protecting consumers and their right.
These legislation ensures that producers and manufacturers do not exploit the consumers for lack of options.
The government does this by enacting laws that guarantees consumer protection thereby regulating the excesses in the market.
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For a given meal, a chef may prefer grilling to baking because it <u><em>produces more intense flavor</em></u>.
Chef - Cooks instead of bakes (Uses stovetop)
Baker - Bakes instead of cooks (Uses oven)
When cooking, you are making meals and entrés, instead of pastries and baked goods. When cooking, a chef always wants to let out he most flavor he can. This is why he grills. When grilling, you cook your food in oil, butter, marinade, etc. All these flavors soak into the food, causing it to erupt with flavor. This is why when a chef cooks meat, he lets it soak in marinade, butter, wine, herbs, etc. first, then cooks them in it second. This entices the flavor, causing it to to be more tasteful and delightful.
A chef prefers to grill because it pulls out the flavor, where-as baking is a slower, less intense method of producing / cooking food. Baking is more bland and does not create a superb audience. When cooking something, you are allowing your food to soak in grease, wine, etc. When baking something, your food sits there slowly without any interaction too much flavor.
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Answer:
You'll need:
the ability to sell products and services
excellent verbal communication skills
the ability to use your initiative
to be thorough and pay attention to detail
leadership skills
maths knowledge
business management skills
customer service skills
to be able to use a computer and the main software packages confidently
Answer:
Consumer surplus
Explanation:
The consumer surplus is a measure of the difference between the price a consumer is willing to pay for a unit of a product and the price they actually pay for that product unit.
If a consumer is willing to to pay a higher amount than the actual selling price of a product, it is deduced that the consumer surplus for that product, is higher than if the consumer were charged for the product at his highest willingness point to pay.
