Understanding legal boundaries for making discounting and promotional claims

Retailers should remain aware of their obligations under the Fair Trading Act 1986 when setting prices and promotions for their products and ensure they have in place a successful long term pricing strategy that is also compliant. Price comparisons can give consumers helpful information and can promote competition among retailers. However, when deciding on pricing,…

Crafting a Smart Credit Policy

Most businesses appreciate that a customer’s purchasing decisions may hinge on the provision of credit. Consequently, most businesses offer some form of credit to their customers. Those that don’t, risk losing customers to competitors.   On the other hand, credit costs a business in many ways such as the cost of borrowing that money, administrative…