Regulations!

From that definition of regulations in the text book,  I found self regulation to be just as, if not more than important as governmental regulations. Self regulations through industry is extremely important. It limits what is happening in the market and how much standards need to be met. For example, the Food and Drug Administration is very important. It is in charge of enforcing regulations against selling and distributing adulterated, misbranded, or hazardous food and drug products. The Federal Trade Commission which is in charge of seeking out and challenging anti-competitive conduct in the market place, including monopolization and agreements between competitors, promoting competition in industries where consumer impact is high, such as health care and real estate. Also, the Consumer Product Safety Commission; is in charge of protecting the health and safety of consumers in and around their homes. Without these regulations the market would be open for what ever. Regulations are made to keep us the consumers safe and I feel as though they are important to have. I'm glad we have regulations.

How do you as a consumer feel about regulations?

Response to Ariana Barone's Post on Flash Mobs!

I think that flash mobs are an effective form of advertising. Like Ariana stated in her blog, they take place in random spots but are planned out. And just when someone least expects it a flash mob breaks out in dance. Usually to a catch tune. A catchy tune that could be a theme song to a company. Thus, promoting the company further. Take a mall for example, if a flash mob breaks out in front of the store Kay Jewelers and they're dancing to Rhianna's hit new song "Shine Bright Like A Diamond" then at the end of the flash mob they promote "every kiss begins with Kay." This is a big hit! Especially with Valentines day soon approaching a flash mob in front of Kay Jewelers wouldn't be such a bad thing. Not only does it turn heads but it draws people's attention to that area. In a episode of Glee they did a flash mob out in the school cafeteria to a Lady Gaga song and that certainly got students attention. I think that flash mobs are fun, entertaining and certainly a good way to draw attention to a business- product and/or service.

Would you participate in a flash mob? Or use a flash mob to promote a business?