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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
Sales
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.
https://www.ftc.gov/enforcement/cases-proceedings/advanced-search?combine=&date_filter%5Bmax%5D%5Bdate%5D=&date_filter%5Bmin%5D%5Bdate%5D=&field_case_action_type_value=Federal&field_competition_topics_tid=All&field_consumer_protection_topics_tid=All&field_enforcement_type_tid=All&field_federal_court_tid=All&field_industry_tid=All&field_matter_number_value=&field_mission_tid_1=2974&field_release_date_value%5Bmax%5D%5Bdate%5D=&field_release_date_value%5Bmin%5D%5Bdate%5D=&items_per_page=20
Identify and explain what Horizontal restraint of trade is and Vertical restraint of trade from and provide what type of action your example above exhibits. Substantiate your response.