Business Communications Risk Management - Essay Example

Business Communications Risk Management ID Lecturer Federal Trade Commission (FTC) is a US agency which was founded in 1914 by the FTC Act. Its main aim is to promote the consumer protection as well as get rid of the perception that the regulators have regarding the anti-competitive harmful business undertakings and practices. The main philosophy is to eliminate the coercive monopoly which exists as such. The business communication processes are highlighted by its mission to investigate issues which have been raised by reports coming from the domains of businesses and consumers, congressional inquiries, reports propagating within the media and so on (Loza 2001).

The FTC investigators can take care of a single organization or even an entire industry and it is up to their disposal to decide which route they want to go. It is an organization that has a separate bureau for the consumer protection realms which has a mandate to protect the consumers when the talk goes out loud related with the unfair or deceptive acts and practices found in commerce. Hence the business communication link comes within the fray in a very quantifiable manner when this bureau of consumer protection is talked about at length.

FTC works to good effect within competition, economics and the two related bureaus are playing their active roles nonetheless. The basic concepts of FTC are very closely tied in with monopoly and mergers which are essential ingredients of the working realms of FTC (Kleit 2004). The unfair or deceptive practices which affect the consumers are also significant in understanding the dictum of how FTC works to good effect within the related environment. References Kleit, A (2004). Art of the Deal: The Merger Settlement Process at the Federal Trade Commission.

Southern Economic Journal, Vol. 70 Loza, E (2001). Internet Fraud: Federal Trade Commission Prosecutions of Online Conduct. Communications and the Law, Vol. 23