BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The ACCC stands for:
A
Australian Competition & Consumer Commission
B
Australian Consumer & Competition Contracters
C
Asia Competition & Consumer Commission
Explanation: 

Detailed explanation-1: -The Australian Competition and Consumer Commission (ACCC) is an independent Commonwealth statutory authority. Its role is to enforce the Competition and Consumer Act 2010 and a range of additional legislation, promoting competition, fair trading and regulating national infrastructure for the benefit of all Australians.

Detailed explanation-2: -Australian Competition and Consumer Commission | ACCC. Buying products and services. Buying online. Consumer rights and guarantees. Contracts.

Detailed explanation-3: -The Australian Competition and Consumer Commission is an independent Commonwealth statutory authority. We are Australia’s competition and consumer regulator. We promote competition and fair trading and regulate national infrastructure to make markets work for everyone.

Detailed explanation-4: -The Competition and Consumer Act 2010 (CCA) covers most areas of the market: the relationships between suppliers, wholesalers, retailers, and consumers. Its purpose is to enhance the welfare of Australians by promoting fair trading and competition, and through the provision of consumer protections.

Detailed explanation-5: -We regulate some national infrastructure services. This includes in the telecommunications, rail networks, energy and water. We oversee prices in some infrastructure services where competition is limited. Examples are in the postal services and airports sectors.

There is 1 question to complete.