Question

2. Which one of the following factors is not responsible for consumer exploitation?
a. Shortage of the product
b. Lack of information
c. Genuine end of reasonable sale
d. Lack of competition​

Answer 1

Reasons or factors causing exploitation of consumers are: (1) Limited information (2) Limited supplies (3) Limited competition (4) Low literacy (5) Lack of bargaining power (6) Irregular prices offered (7) Misleading advertisements (8) Lack of unity and (9) Cumbersome and time taking legal proceedings.