Unit 4 Business Environment - Investigate the behaviour of organisations and the market environment
Role of regulatory bodies
With natural monopolies and other restricted markets, despite privatisation, there are regulators whom are tasked with ensuring that consumers are not losing out due to monopolistic behaviour by industries in these markets.
Examples
Broadband mis-selling 'targeted' by Ofcom
Telecoms regulator Ofcom has vowed to crack down on mis-selling by phone and broadband providers. Ofcom said it was prepared to use large sums to fine firms which broke industry rules, to ensure public confidence in the sector was maintained.
