Government Regulations Affecting Price. Martin Williams EMKT 6110 Dr. Elaine Adams. Objectives. Define Price Gain an understanding of the factors that affect price Discuss the importance of government regulations on price Discuss and define 6 pricing issues that the government regulates
Government Regulations Affecting Price
Dr. Elaine Adams
Price is an important factor in the success or failure of any business.
When the price is right,
everyone is happy!
Polices and Laws
Always Remember Competition is the Cornerstone of :
The Free Enterprise
When Retailers sell below cost to drive competitors out of business
The Federal Trade Commission
Works to ensure markets are efficient and free of restrictions that harm consumers