Identify the five major federal government agencies that deal with some aspect of marketing and its primary responsibility
What will be an ideal response?
1. Food and Drug Administration—regulates and oversees the packaging and labeling of products and the promotion of drugs.
2. Federal Communications Commission—regulates television, radio, and the telephone industry.
3. U.S. Postal Service—has jurisdiction over all mailed marketing materials.
4. Bureau of Alcohol, Tobacco, and Firearms—oversees the sale and distribution of alcohol, tobacco, and firearms.
5. Federal Trade Commission—oversees antitrust situations and is responsible for regulating the advertising industry, especially investigating false and deceptive advertising.
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Indicate whether the statement is true or false.
Insuring an agent against losses suffered during the course of authorized transactions is part of the principal's:
a. duty of cooperation b. duty of facilitation c. duty to indemnify d. duty to protect e. duty to reimburse