Australian Competition and Consumer Commission

If the consumer guarantees provided by the Australian Consumer Law are not met, the consumers are at liberty to be indemnified and provided with remedies. The remedies may be claimed either against the supplier or manufacturers (Smith and Burke, 2007). With respect to the fact that the goods are required to be of acceptable quality the following factors must be taken into consideration; • The goods must not be defective quality; they are required to be safe as well as long-lasting. • The…

Introduction Competition in business can vary from one organization to another, depending upon individual preference and the nature of the industry. In economics, market structure denotes those firms who produce homogenous goods. On the market structure spectrum, an organization starts with perfect competition on one end and makes its way towards monopoly on the other extreme end. In the middle of these two contrasting market structure types, we have duopoly, oligopoly and monopolistic…

Question 1 Problem: Does Adil fall under the category of a “Consumer” under the Australian consumer law (ACL)? Rule: Australian consumer law (ACL) in phase 3, defines the customer consistent with its right components. Consistent with the law, a person will be entitled as a ‘customer’ or Consumer who obtains particular goods or offerings that are really worth a fee much less than $40000 in general. In the same time, a person may be a ‘consumer’ if he or she acquires an excellent costing…

regulations and policies of which govern the conduct of businesses within Australia can be considered as a crucial element in controlling the business environment. Laws that restrict businesses to certain boundaries are done so in order to promote fair competition and keep the business market competitive, whilst many laws act with regard to being beneficial for the sustainability of the environment. However, it can be argued that these legal regulations also bring increased costs and negative…

they are affected by the competitors. International issues influencing business are legal, political, social, technological and economic. In good understanding of these influences is essential while developing a business plan. The factors in the Australian environment affecting Disney 's global and domestic decisions in marketing include: the impact of trade agreements/practices and global economic interdependence, the role of physical infrastructure and demographics, the role of differences in…

or avoided by individuals or entire firms, to cut corners in the pursuit of wealth. Competition drives efficiency, innovation, growth and raises incomes, however it also makes firms look to cut costs, their prices and indirectly destroy entrepreneurial opportunity. Businesses have to have the willingness to be ethical, as there will always be cheaper, easier, unethical ways to save money and time, but competition, as opposed to greed, promotes ethical behaviour in the long run (Shleifer, 2004).…

Synopsis Penalty rates as a fundamental part of the safety net for employees have recently been a huge subject of debates since the Productivity Commission called for Sunday rates to be brought into line with Saturday rates. That recommendation has a few positive aspects in term of promoting business growth and economic advancement, but it also has negative sides that potentially impair the benefits of the workers. This report therefore suggests the alternatives where the reforms of the cash…

It is understandable why one might assume that the majority of crime in our society is violent in nature as the media surrounds the public with images of violence on wide range of platforms, from newspaper headlines about king hits in Sydney to television interviews with Gold Coast bikies. The crucial question that this essay will answer is whether or not the majority of crime in our society is violent in nature. To reach conclusions, this essay will rely heavily on statistical date to define…

The above chart 4.0 illustrate comparing of perfect competition and monopoly. In the perfect competition price and quantity are determined by the intersection of the demand and supply curves which is known as equilibrium where as in monopoly the equilibrium quantity falls, and the equilibrium price rises. In contrast, monopoly market profit maximise quantity is at the point where the marginal revenue (MR) curve intersects the marginal cost (MC) curve and the profit-maximizing price is determined…

have been many instances where Bolt Pty ltd (‘Bolt’) an Australian electronics company have come under contravention of the Australian Consumer Law (ACL). In Bolt’s advertisement promoting their new phone model the “Bolt Worldly” they have stated several terms in which is unethical and against the ACL. The issue with the advertisement firstly is that Bolt have claimed that the product Bolt “Worldly” is made “For Australians, by Australians” however the advertisement has in fine print at the…