how do companies exploit consumers? (5 points)
Answers
Answered by
1
1. Selling at higher prices -- The price charged for the product will not be proportionate to the quality.
2.Product risk -- Drugs that are hazardous, banned or beyond expiry date, electrical appliances with inadequate safety precautions, etc are sold to unaware consumers.
3. Adulteration -- This is very common in food items and could prove to be highly injurious to one's health.
4. Sub-standard Products -- Items whose quality is far below the required standard.
5. False Claims -- Manufacturers make false representations about their products in the media with a view to mislead the consumers. Claiming that use of a particular oil will cure baldness, using a company's fairness cream for a specific period will make one fair, etc., are all typical examples of exaggerated, misleading advertisements.
2.Product risk -- Drugs that are hazardous, banned or beyond expiry date, electrical appliances with inadequate safety precautions, etc are sold to unaware consumers.
3. Adulteration -- This is very common in food items and could prove to be highly injurious to one's health.
4. Sub-standard Products -- Items whose quality is far below the required standard.
5. False Claims -- Manufacturers make false representations about their products in the media with a view to mislead the consumers. Claiming that use of a particular oil will cure baldness, using a company's fairness cream for a specific period will make one fair, etc., are all typical examples of exaggerated, misleading advertisements.
Similar questions