Is the price of novelties determined by law? Caution is needed regarding the Prize Display Law.
"Are there price limits for novelties?" "Is the price limit for novelties determined by law?" There may be those who have such questions.
The price of novelties is determined by the Prize Competition Law! Novelties refer to goods distributed free of charge as part of advertising and promotional activities. On the other hand, when distributing them, they must be produced within the amount specified by the Prize Competition Law. Novelties fall under the category of total prizes according to the Prize Competition Law. Adding expensive novelties can lead consumers to misinterpret the quality of products or services. To prevent misinterpretation regarding products or services, it is important to produce novelties at an appropriate price. What happens if you set a price that violates the Prize Competition Law? In the initial stage, you will receive a "correction recommendation" from the Consumer Affairs Agency or local governments, but in the worst case, it could lead to criminal penalties. Therefore, it is essential to understand the legal knowledge before producing novelties. Price setting that violates the Prize Competition Law is subject to "correction recommendations." If you violate the Prize Competition Law, you may receive a "correction recommendation" from the Consumer Affairs Agency or local governments. Ignoring a "correction recommendation" could lead to criminal penalties. The Prize Competition Law includes provisions that can impose criminal penalties, so caution is necessary.
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basic information
- Possible to produce at a low price! Recommended 3 novelty items - 1. Tote Bags Tote bags are extremely popular as novelties. Since many people can use them in their daily lives, they are expected to have a high promotional effect. 2. Stationery When distributing novelties between companies, producing stationery novelties is recommended. Pens and notebooks are placed around desks and used daily, making them highly visible to recipients and thus expected to have a strong advertising effect. 3. Clear Bottles Clear bottles are also perfect given the recent rise in awareness of environmental issues. - Be mindful of the legal price ceiling when distributing novelties! - When distributing novelties, be careful of the legal price ceiling. If you violate this, it generally results in a corrective recommendation, but in the worst case, it could lead to criminal penalties. Therefore, always ensure to check legal matters when producing novelties.
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Company information
Koshioka Sangyo Co., Ltd. has been responding to various customer requests for over 50 years since its establishment, producing everything from parts to finished products through made-to-order manufacturing. Leveraging that experience, we now centralize everything from market research for "delightful products" that start with creating concepts, to planning/design, design, prototyping, production, and shipping. Our efforts have been well received by companies such as amusement parks and restaurant chains. Additionally, we have embarked on a novelty (MONOCOTO LAB) business to assist customers with their challenges, enhance added value, establish their significance, and contribute to society. We are also focusing on design development and advancing our own product commercialization, which has been appreciated by companies in the entertainment industry and beyond.
