What is one of the primary roles of the Competition and Consumer Protection Commission?

Get ready for the Leaving Certificate Business Test. Prepare with flashcards and multiple choice questions complete with hints and explanations to help you succeed. Ace your exam now!

One of the primary roles of the Competition and Consumer Protection Commission is to ensure that businesses comply with consumer protection laws and competition regulations. The Commission works to prevent anti-competitive behaviors, such as price-fixing and market manipulation, to promote fair trading practices. By enforcing these laws, the Commission helps to protect consumers from unfair practices and ensures that they have access to a competitive market where they can make informed choices. This role is critical in fostering an equitable environment in which consumers are treated fairly and businesses can thrive without engaging in unethical practices.

In contrast, other roles mentioned do not align with the primary functions of the Commission. Negotiating wages for employees falls under labor relations, promoting international trade involves policies that may not be related to consumer protection or competition, and setting prices for consumer goods is typically a market-driven process rather than something regulated by the Commission.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy