Question

Describe the reasons of consumer ​

Answer 1

Explanation:

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.

Answer 2

FACTORS CAUSING EXPLOITATION OF CONSUMERS - DEFINITION

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.

FORMS OF CONSUMER EXPLOITATION - DEFINITION

Some of the common methods adopted by the manufacturers and traders to exploit the consumer are as follows:

1. Underweight or under-measurement

2. Goods or services of substandard quality

3. Overpricing

4. Articles harmful for health

5. Unsatisfactory after-sales services

6. Sale not in accordance with predetermined conditions

7. Scarcity in service sector.

8. Rough behaviour with the consumer and undue conditions

9. Cheating in choice

10. Faulty equipments

11. Artificial scarcity

12. Incomplete or insufficient information.