Respond to the following in a minimum of 175 words:
Consumer laws were established to protect purchasers of goods and services. What purpose does the Federal Trade Commission serve and why must business owners be educated on Federal Trade Commission practices?
Consider 1 of the following sections of the Federal Trade Commission Act:
- Deceptive Advertising
- Labeling and Packaging Laws
Regarding the section you chose, provide an example of when a deceptive practice has been used in business and the consequence(s) for the deceptive practice.