Mention two ways in which consumer ignorance can cause their exploitation?
Answers
Answered by
1
ᴛᴡᴏ ᴡᴀʏs ɪɴ ᴡʜɪᴄʜ ᴄᴏɴsᴜᴍᴇʀ ɪɢɴᴏʀᴀɴᴄᴇ ᴄᴀɴ ʙᴇ ᴇxᴘʟᴏɪᴛᴇᴅ:
1. ᴛʀᴀᴅᴇʀs ᴄᴀɴ ᴘʀᴀᴄᴛɪᴄᴇ ᴜɴғᴀɪʀ ᴛʀᴀᴅᴇ ᴀᴄᴛɪᴠɪᴛɪᴇs ʟɪᴋᴇ ᴡᴇɪɢʜɪɴɢ ʟᴇss ʙʏ ᴜsɪɴɢ ғᴀᴜʟᴛʏ ᴡᴇɪɢʜᴛs
2. ᴡʀᴏɴɢ ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴄᴀɴ ʙᴇ ᴀᴅᴠᴇʀᴛɪsᴇᴅ ᴛʜʀᴏᴜɢʜ ᴍᴇᴅɪᴀ.
Answered by
1
Factors which cause exploitation of consumers are : -
★Lack of awareness of consumer rights among buyers.
★Misleading advertising in the media.
★Consumers are scattered over large areas.
Similar questions