what are the different ways of exploitation of consumers?
Answers
In a perfect world, the age-old business mantra "Customer Is King" would apply to any industry and market. Yet, this rarely happens. False advertising, deceptive billing, misuse of personal data and other unfair business practices are widespread. In today's hyperconnected era, customers demand transparency. Over 75 percent of buyers say they don't trust the accuracy of food labels. Approximately 37 percent would switch brands in favor of those providing more information about their products and services. If you want your business to thrive, consumer protection should come first on your list.
Heya...
Consumer exploitation means the cheating with consumer which reduce it's satisfaction what he wants to earn from purchase of the goods ...
Various ways to exploit consumer....
* By imposing high price for a good which not deserve the price what is charging to consumer...
* The condition of good is not well means it get damages before the actual use....
* By giving the low weight quantity for a good according to price...
* False claim- through advertisement overrating the products durability and quality
* undermeasurment-sellers give undermeasured goods and charge high
* substandard goods-sellers sells inferior quality goods in order to make more profits.
* Adulteration-more money for low quality products.
* Shop keepers sometimes weigh less than what they should trade and marketing to young children is seriously unethical