Question

Mention a few factors which cause exploitation of consumers.

Answer 1

I) price hike
ii) misleading Advertising
iii)intangible services
iv) lack of coordination
v) Multiplicity of weight and measurements

Answer 2

1. Lack of awareness among consum

2. Greed of businessperson    

3. Lax enforcement of rules.

 4. Slow and time taking process of consumer grievance redressal

5 Limited competition, leading to consumers being forced to buy a certain product.

6Some consumers are illiterate.

7 Limited supply of goods, products or services, leading to shortages and black marketing.

8 Misleading advertising in the media.