Business Studies, asked by latatekam12, 8 months ago

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Explain the rights and responsibilities of a consumer.​

Answers

Answered by viratgraveiens
0

Consumer rights and responsibilities are extremely essential to ensure economic and financial equity in any market or commercial transaction.There are various aspects of consumer rights and responsibilities which should be considered related to any market or commercial transaction or activity.

Explanation:

From an economic standpoint,consumer rights basically can be defined as the legal and official prerogatives of individual customers regarding any aspect or component of any market or commercial transaction or activity in the economy.Some of the common forms of consumer rights include right to safety,or having an absolute understanding of which products or services are detrimental or harmful to the consumers,right to information,implying that buyers or consumers should have full and relevant information about the concerned products or services bought in the market including product/service quality,specifications,price etc.,right to choose,indicating consumer freedom any type or quantity of product or service based on respective willingness to pay and right to complain,which provides complete legal permission to the consumers to officially report or complain against any unscrupulous market or commercial practices by the suppliers,producers or traders.

Consumer responsibilities mainly refer to the consumer duties and expected course of actions regarding any market or commercial transaction or activity.Consumers should be completely aware of various product or service related information before any final purchase or consumption such as product/service quality,prices and other relevant specifications which can influence the consumption decisions.The consumer is also expected to be fully and actively involved in any market transaction and raise voice if he or she feels cheated or exploited in any possible way.Hence,consumer responsibilities are more related to buyer discretion and personal values and judgment of individual buyers.

Answered by bhuvna789456
0

The rights and responsibilities of a consumer are given below :

Explanation :

RIGHTS :

  • The Right to Satisfaction of Basic Needs.
  • The Right to Safety.
  • The Right to be Informed and Protected
  • The Right to Choose
  • The Right to be Heard
  • The Right to be Redress
  • The Right to Consumer Education
  • The Right to a Healthy Environment.

RESPONSIBILITY :

  • Inform Yourself before Purchasing.
  • Read and Follow Instructions.
  • Use Products and Services Property.
  • Speak out against Wrongdoing.
  • Know Consumer Responsibilities for Purchasing.

To know more about the Rights and Responsibilities of a Consumer visit :

What is consumer? Explain the rights and responsibilities of consumer. full information​- https://brainly.in/question/9893937

Rights and duties of a consumer : https://brainly.in/question/9939274

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