What purpose does the Federal Trade Commission serve and why must business owners be educated on Federal Trade Commission practices?

Week 6 Discussion

Consumer laws were established to protect purchasers of goods and services.

Respond to the following in a minimum of 175 words:

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.