General Requirements and Major Impacts of the GDPR The General Data Protection Regulation (GDPR) is legislation introduced by the European Union that provides data privacy protections for consumers. The GDPR significantly impacts companies worldwide, as it sets strict requirements for data protection, processing, and storage. According to Phillips (2018), the...
Consumer protection laws are guidelines to ensure maximum protection of a buyer or the so-called purchaser. Therefore, consumer protection laws play a significant role in the market as they protect the buyers from fraudulent business practices and engagement, deceptive, and defective products that they are likely to encounter. Historically, there...
The situation with the sale of sunglasses that do not protect against UV rays should be interpreted as a violation of consumer rights, requiring regulation in accordance with the law. This product does not meet basic buyer and user information standards. Wizard does not warn of the additional danger of...
Abstract In 1971, the Australian government formulated trade practices legislations that were later received with prejudices by the business community. Later, the Australian Trade Practices Act (1974) was legislated, which would grant protection for anti-competitive activities from legal actions. In 2005, the Australian Productivity Commission stated that the consumer protection...
Introduction The European Union (EU) has established and ratified several regulations and frameworks that seek to promote healthy business practices among the member countries. In particular, the move by the EU seeks to protect the end consumer, through existing regulation, from being subjected to unfair sales practices. To sustain this...
