Consumer price index

business price gouging is not something unheard of, most every company and or product has had an incident with price gouging at least one time. Price gouging essentially is when the price of a good or services is at an “...unreasonable or unfair level” (Source). Approximately “34 states have enacted price gouging laws. A handful of state impose criminal charges on top of civil liability when a business is found guilty…” (Source). Unfortuntately there are no current federal laws enforcing the…

1793, the Qing scholar, Ji Yun (1724 - 1805) commented on the vagaries of price and of supply and demand for luxurious and exotic products: The value of things is dependent on the fashion of their time and [hence cannot be] fixed. [I] recall when I was young, ginseng, coral and lapis lazuli were not expensive, [but] today [they are] increasingly so; turquoise and tourmaline were extremely expensive, [but] today [their prices are] increasingly reduce. From the mid-nineteenth century,…

The world of business is full of men and women offering products and services to both the companies they work for and the individual consumers. Every aspect of this fast moving world is both aided and held accountable by the laws that govern it. Laws not only protect the consumers and employees from being wronged, but can also protect companies from being wronged by competitors, employees, and customers. Practically every area of business is somehow impacted by laws and regulations. These laws…

area of immense potential. The application allows consumers with potential needs to connect with suppliers willing to…

and N.C. Smith, authors of the article “Fairness in Consumer Pricing," the enthusiasm of consumers when there are sales has historical background. Consumers who were “willing to wait and take the risk of unavailability could obtain exceptional value when retailers attempted to clear stocks at the end of selling seasons.” (124) However, as time has moved forward, this idea of jumping at the bit to get the cheapest price possible makes consumers exceptionably vulnerable to deceptive pricing ads.…

the Federal Trade Commission Act. The mission it possesses is the promotion of consumer protection and eliminate the antibusiness practices, such as a monopoly. Under the Act, they are to prevent unfair methods of competition. They also help seek monetary redress and other relief for conduct to consumers and international government agencies. The settlement had resolved a lawsuit that MIC violated the Telephone Consumer Protection Act by making all automated calls to cellphones and calling…

Native advertising came about a few years ago as a way for advertisers to get around ad blocking software that is used my many people. With the increase use of services that block ads advertisers came up with a form of advertisement that is forced on consumers. Native ads are so interworked with the design and functionality of the page. (Dictionary.com) If you want to view the page it is often a requirement for a person to turn off the ad blocker software to be able to view the page. Pros-…

A consumer centric approach is according to Computer Centric Solutions LLC is “the key to successful marketing initiatives and generating organic top line growth” as the consumer is brought into focus through different areas such as targeting research, brand strategy development, communications optimisation, innovation as Peter Drucker says “The aim of Marketing is to know and understand the consumer so well that the product sells itself”.1 The external factors relating to such an approach are…

Consumerism?” discusses how consumerism effects society and the environment. Naomi Klein explains how corporations take advantage of and manipulate their consumers. Klein also goes into detail on how…

The Australian Consumer Law (ACL) is Australia’s national consumer law, replacing previous consumer protection laws in the Commonwealth, states and territories. The ACL applies at the Commonwealth level and in each state and territory. Under the ACL, there are nine consumer guarantees that apply to new and used motor vehicles sold to a consumer: 1. Suppliers and manufacturers guarantee that motor vehicles are of acceptable quality 2. A supplier guarantees that motor vehicles will be…