GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Federal Trade Commission regulates the use of the term "new" and has established a timelimit for the use of the word “new". How long is that time limit?
A
1 year
B
5 years
C
90 days
D
6 months
Explanation: 

Detailed explanation-1: -In 1914, Congress created the Federal Trade Commission (FTC) to regulate monopolies, eliminate unfair competition, and prevent the use of unfair or deceptive business practices. Today, the FTC continues to promote consumer protection and an efficiently run market.

Detailed explanation-2: -The short answer according to longstanding FTC guidance is 6 months from launch, with a little extra time built in if you do a limited test launch first. This rule has been on the books a long time but not actively enforced.

Detailed explanation-3: -The FTC has the ability to implement trade regulation rules defining with specificity acts or practices that are unfair or deceptive and the Commission can publish reports and make legislative recommendations to Congress about issues affecting the economy.

There is 1 question to complete.