3 What systems are put in place by the Better Business Burea

3. What systems are put in place by the Better Business Bureau to protect businesses and consumers?

Solution

The businesses and consumers dispute resolution procedures are established by the council of the Better Business Bureau (BBB) and implemented by local BBBs. Usually disputes can be resolved through mediation, whenever possible low or no cost arbitration may also be offered and provided through BBB.BBB acts as a neutral party during the dispute resolution procedures. If BBB receives a consumer dispute the BBB contacts the business against which complaint is registered and mediates to resolute the problem.

BBB rates the companies from A+-F, based on the company meeting the BBB standards of trust and requirements the rating is assigned by the BBB to the company. Business are expected to adhere to several like eight BBB standards of trust and based on the number of standards met the rating is assigned to the company. The rating does gives the valuable information to the consumers regarding the business.

The BBB provides a self-regulatory model for consumer and business protection the model includes various systems in place as: