New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Chapter 1 Notes

by: Amaris Robinson

Chapter 1 Notes CSM 401

Amaris Robinson
GPA 3.0
CSm 401 Comsumer Protection
Dr. Melissa Wilmarth

Almost Ready


These notes were just uploaded, and will be ready to view shortly.

Purchase these notes here, or revisit this page.

Either way, we'll remind you when they're ready :)

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

I have included the given notes Dr. Wilmarth provides online. She does, although, have incomplete notes. She leaves blanks and unfilled bullets on purpose. I have all the notes you need as well a...
CSm 401 Comsumer Protection
Dr. Melissa Wilmarth
Class Notes
25 ?




Popular in CSm 401 Comsumer Protection

Popular in Environmental Science

This 2 page Class Notes was uploaded by Amaris Robinson on Saturday February 7, 2015. The Class Notes belongs to CSM 401 at University of Alabama - Tuscaloosa taught by Dr. Melissa Wilmarth in Spring2015. Since its upload, it has received 89 views. For similar materials see CSm 401 Comsumer Protection in Environmental Science at University of Alabama - Tuscaloosa.


Reviews for Chapter 1 Notes


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 02/07/15
CSM 401 Notes Consumer protections lf markets worked perfectly and consumers were fully informed and fully understanding consumer sovereignty would prevail There would be no need for consumerism consumer organizations and consumer representation Micheal Walden In a simpli ed world there are two ways to protect consumers from risks 1 Labels and warnings expiration dates cigarettealcohol warnings medicine and vehicle operation Interest rates nancing fees 2 Prohibition drug sales of all sorts transportation of minor in certain seats meat handling and processing prohibitions locally the sale of raw milk The challenge Risky activities and products have bene ts 0 Could the government easily require restrictor plates for our costs 0 Why are we so comfortable living with the risk that a speeding fool can kill us at any moment 0 Complexity came from example Food Inc 0 Felcher article 1 What are the criteria for information being provided to consumers as presented by Walden 2 How do Walden s two risk mitigation options inform the challenge described by Felcher 3 How do you suppose the folks at the Center for Consumer Freedom would respond to Felcher Issues discussed about consumer Product Regulation FOIC Requests How the CPSC nds out about dangerous products Manyfactures obligation of reporting 0 Consumer hotline Hospital reporting system How consumers are noti ed of a recallJoint recalls Language of a recall press release Recall effectiveness How do Walden s risk mitigation options inform the challenge describes by Felcher Strategy 1 Labels and warnings Risk mitigation by banning of products 0 Make resale of recalled products illegal Make it illegal to continue use of a prod after recall E Scott Maynes Asymmetric power that funds business 0 Business employs millions of workers to handle information persuasion complaint resolution government relations 0 Products are increasingly complex numerous Disadvantaged consumers due to Intelligence time capacity location etc lnformationally Imperfect a consumer markets pay too much receive less in tradeoffs not meeting needs 0 Mechanicalinduced causes include Technical complexity of modern products 0 Seller induced causes include Business generally controls information 4 The classical monopoly problem a Less prevalent now b Retail has problem was signi cant source of consumer problems in early America 5 Consumer grievances cause are inforamationally imperfect markets but additional contracts laws nancing regulation delivery of goodservice ancillary services a Character of retail establishment b Complicated by geographic dispersion of sellers 6 Undereprenstation of consumer interests a Consumers need help asserting their interests i Consumers goals are broad seller goals are focused


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Amaris Trozzo George Washington University

"I made $350 in just two days after posting my first study guide."

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.