causes of consumer exploitaion
Answers
Answered by
3
Answer:
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.
Explanation:
Answered by
2
Answer:
- Due to less knowledge of the consumers about the particular products.
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