IGCSE Business Studies revision notes for chapter 11

Revision notes for chapter 11.

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Revision Notes for Chapter 11
Keywords:
1. Anti-competitive practices ­ practices which aims to restrict competition
2. Barriers to entry ­ obsticles which make it difficult for new firms to enter
the market
Consumer issues covered by legislations
The information given about products
Trading and age restrictions
Prices
Customer payment methods
The safety of products
Consumer rights
The quality of products
The way products are promoted
Examples of UK legislations to protect consumers:
Sale of Goods Act 1979
Food Safety Act 1990
Trade Descriptions Act 1968
The Fair Trading Act 1973
The Competition Act 1998

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