Economy, asked by JeffTheSibtis, 7 months ago

give examples for any five ways of consumer exploitation​

Answers

Answered by advocatedmdesai
6

Answer:

Explanation:

1. High Prices

Very often traders charge high prices from their consumers than the prescribed retail price.

2. Fake goods

It may sometimes happen that traders sell fake or duplicate goods in the name of genuine goods.

3. Substandard quality

The traders may cheat the consumers by degrading the quality of the product and selling those in the market like expired products, defective items.

4. Underweight and Under-measurements

The weight of the product that is being old may not be weighted correctly.

5. Impure and adulterated food items

Edible items like oil, ghee, and spices adulteration is made in order to earn higher profits. It causes huge damage to the consumers both financially and physically spoiling their health.

6. Higher prices: The traders sometimes overcharge consumers and sell goods at higher prices than the retail price.

7. Duplicate Articles: The traders used to sell duplicate products at the same rate of original products.

8. Lack of knowledge: Sometimes the sellers do not give enough information about the product and the consumers have to buy the inferior quality products.

9. Lack of coordination: In the lack of coordination between the consumers, traders, manufacturers, and the government, the sellers used to fraud their consumers.

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Answered by bratislava
2

The use of high pricing, misuse of information and sales of adulterated products.

Explanation:

There are various ways the consumers are exploited in the market such as:-

  • False advertising: Many marketers make false and misleading advertisements just to attract customers and the generation of sales.
  • This advertisement claims that they can improve or enhance your personality but false to do so.
  • Deceptive pricing: Often traders of certain commodities use deceptive pricing methods to make a profit. The customers should check and verify the prices before making a purchase.  
  • Deceptive billing, not showing tax and other hidden charges. Supply of defective products, and use of substandard goods that are not recommended for sale.
  • Misuse of consumer data: Many traders sell consumer data. Many use false weights and measurements.

Learn more about the give examples for any five ways of consumer exploitation​.

  • brainly.in/question/17700100 answered by advocatedmdesai.
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