The best-known self-regulatory group is the Blank______. Multiple choice questions.
Food and Drug Administration
Small Business Administration
Federal Trade Commission
Better Business Bureau
Answer: Better Business Bureau
As a charitable organization not authorized to exert formal regulations, BBB encourages enterprise leaders to make their environment better by themselves and in turn helps them to get trust of the people. Through the BBB companies are allowed to gain a reputation, by publicizing the complaints received and the way they have been addressed. Apart from it, the authority gives the ratings and accreditation of firms that are based on issues such as business transparency and complaint volumes to encourage adherence to good practices. The BBB carries out both consumer education and advocacy for genuine advertisement and customer service in which it calls for voluntary self-regulation of industries in it strength to raise standards within the industries . The Better Business Bureau with its distinguished accreditation status and commitment to ethical self-governance is considered to be the most recognizable self-regulatory entity that puts forth efforts to develop an ethical marketplace as a result of volunteering a huge following.
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