Professional Documents
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Business Law Lecture#6
Business Law Lecture#6
i n es
B u s
t ing
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of
Law
The
The role of marketing
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The Marketing Mix (4P’S)
• PRODUCT
• PRICE
• PROMOTION
• PLACE (DISTRIBUTION)
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The role of law
To define Acceptable
vs.
Unacceptable Behaviour
(Marketing law includes any
regulations that attempt to “draw the
line” between acceptable competitive
business conduct & unacceptable
business practices.)
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Marketing laws
Designed to protect:
1) Consumers
2) Traders
3) The competitive system that
underpins the “Free Market”
Australian economy.
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“Product” laws
1) Intellectual property
e.g.
Patents for new inventions
Registering a design
Copyright
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“Product” laws
2) Packaging and labelling
Designed to standardise
information and protect against
misleading/deceptive information.
e.g. - weight
- content of goods
- food ingredients
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“Product” laws
3) Product liability
e.g. Minimum acceptable product
safety/quality standards such
as:
•food hygiene regulations
•manufacturer liability for
defective/negligent products
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“Price” laws
Protect against practices such as:
Price fixing
Price discrimination
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“Place” laws
Prevent suppliers from imposing
unreasonable restraints on
distributors. e.g.
Exclusive dealing - restricting products
a distributor may sell
Territorial restraints - restricting the
area in which distributor may operate
Customer restraints - restricting the
customers a distributor may deal with 12
Market games and competitions
Lottery - a scheme for distributing prizes
by lot of chance, in which:
there must be a scheme
there must be a game of chance
consideration must be provided by
entrants
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Trading stamp promotion
Operates by customers saving trading
stamps or coupons obtained when
purchasing goods from a trader. On
reaching a certain number of stamps, the
customer can receive a free gift.
Types:
-Trading stamp companies
-Private trading stamp schemes 14
Pakistan Competition and
Consumer Commission (PCCC)
Purpose:
Undertakes price surveillance
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Product packaging and labelling
Common Law Protection
Statutory Protection
Trade Practices Act 1974 (Cwlth)
Misleading and deceptive conduct
standards
Trade Measurement Legislation
- National Measurements Act 1960
(Cwlth)
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Therapeutic Goods Act 1989 (Cwlth)
Functions:
• Evaluate new therapeutic goods
• Develop test methods
• Conduct testing programs
• Liaise with industry.
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Food safety
Laws prohibiting:
the sale of food that is unfit for human
consumption
misleading and deceptive advertising.
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