FEMA & consumer Protection Act When a business enterprise imports goods from other countries‚ exports its products to them or makes investments abroad‚ it deals in foreign exchange. In the light of economic reforms and the liberalized scenario‚ FERA was replaced by a new Act called the Foreign Exchange Management Act (FEMA)‚ 1999.The Act applies to all branches‚ offices and agencies outside India‚ owned or controlled by a person resident in India. FEMA emerged as an investor friendly legislation
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beliefs. Understanding differing cultural beliefs can be acquired by considering functions of practices‚ behaviors‚ symbols‚ traditions‚ and morals within a society. The initial concept of cultural relativism was created to turn people away from ethnocentrism‚ which is the belief that your cultures beliefs are authentic and all other cultures beliefs are phony. The cultural relativism was a method first developed by anthropologists in the 1920’s and just thirty years later the concept was incorporated
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Introduction The term ethnocentrism is explained by Stanmore and Lancaster (1993) as “the belief that one’s own group or culture determines the standards‚ values‚ behaviours and principles by which all other groups are to be judged”(p. 35). This term ethnocentrism helps us to acknowledge “difference” as been acceptable and educating. In this essay I will explain why it is important for registered nurses to understand the impact that ethnocentrism may have on the delivery of nursing services. I will
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What is ethnocentrism? Are ethnocentric values reflected in mass media? If so‚ provide examples. If not‚ why not? Ethnocentrism is when one places a culture‚ values‚ and views over that of another culture. This can be associated with American popular culture as the message with any popular trend tends to be a popularity contest. Quite often products are sold based off the insinuation that it is better than any other product out there. For instance‚ a popular recurring fad is the Michael Jordan
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both headquarters and subsidiaries – Geocentric approach – Bring the best man in the world regardless of nationality The EPG Profile • A firm’s profile can be drawn in ethnocentric‚ polycentric and geocentric dimensions • A degree of ethnocentrism‚ polycentrism and geocentrism can be established by product‚ function and
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.Page 3 The Emergence of Consumers in society……………………………………………….Page 4 The Consumer viewed in an economical scope………………………………………..Page 4 Relationship between the consumer and the demand and supply theory…….Page 4 Factors influencing demand………………………………………………………..Page 5 What is Consumer Law?.…………………………………………………………………..Page 6 Why the need for Consumer Laws? ……………………………………………………..Page 6 Consumer Vulnerability…………………………………………………………………..Page 6 The Implications of Consumer Laws……………………………………………………Page
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CONSUMER PROTECTION ACT 1986 History of 1986 Act :- The consumer protection act‚ 1986 is one of the benevolent social legislation intended to protect the large body of consumer from exploitation. The act has come as a panacea for consumers all over the country and has assumed the shape of practically the most important legislation enacted in the country during the last few years. With the Introduction of this law‚ consumers now feel that they are in a position
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country relating to consumer protection and offering goods for sale over the Internet. The aim of consumer protection laws is to address the grievances of the consumers and protecting them from the unethical practices/ behavior or unfair trade practices of the manufacturer/ supplier (Ananymous‚ 2003). The central issues of the sales of goods online and the law include the development of e-commerce‚ the role of consumers‚ and regulation of e-commerce in regards to consumer protection‚ as well
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THE CONSUMER PROTECTION ACT‚ 1986 Though consumer is the purpose and most powerful motivating force of production‚ yet at the same time consumer is equally vulnerable segment of the whole marketing system. Attempts have been made to guard the interest of the consumer in a sporadic way till 1986‚ when Government of India enacted a comprehensive legislation-Consumer Protection Act‚ to safe guard the interest of the consumer than ever before. The Consumer Protection Act‚ 1986‚ applies to
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中级微观经济学 参考书： Hal R. Varian. Intermediate Microeconomics‚ A Modern Approach. W. W. Norton & Company‚ Inc. 1 BUDGET CONSTRAINT Consumer theory ---- how consumers buy their goods? Economists assume: consumers choose the best bundle of goods they can afford. Two aspects: ----Consumers choose the most preferred goods. ----They are limited by economic condition. The Budget Constraint Consumption bundles: （消费束，商品组合）: a list of numbers of
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