Question

Factors exploiting consumers in the marketplace.
explain
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Answer 1

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:

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Answer 2

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Reasons or factors causing exploitation of consumers are:

• Limited information.
• Limited supplies.
• Limited competition.
• Low literacy.
• Lack of bargaining power.
• Irregular prices offered.
• Misleading advertisements.
• Lack of unity.
• Cumbersome and time taking legal proceedings.