Question

What are the ways in which consumers are exploited or cheated(explain the points)?

Answer 1

Explanation:

1. False Advertising- making deceptive  and misleading claims in the advertisements of the products.

2. Deceptive Pricing-  Very often traders charge deceptive and high prices from their consumers than the prescribed retail price.

3. Deceptive Billing- It may sometimes happen that traders sell fake or duplicate goods in the name of genuine goods.

4. Misuse of Customer Data- The information or data collected by the customers at the time of sale can be misused. 

5.Substandard quality The traders may cheat the consumers by degrading the quality of the product and selling those in the market like expired products, defective items.

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Answer 2

SOLUTION:-

Consumer exploitation is a situation in which a consumer is cheated or given false information by the producer.

Large companies with huge wealth, power and reach can manipulate the market in various ways. At times they pass on false information through the media,and other sources to attract consumers. For example, a company for years sold powder milk for babies all over the world as the most scientific product claiming this to be better than mother’s milk. After years of struggle the company finally accepted that it had been making false claims. Similarly, a long battle had to be fought with court cases to make cigarette—manufacturing companies accept that their product could cause cancer.