Question

Which term is used for a person who buys a product or service for his/her personal use from market place?
How Consumer's participate in the market place?
Give an example by which consumers are exploited at market place.
What is the major reason of malpractices in the market place?
When did Consumer Movement organised?

Answer 1

Which term is used for a person who buys a product or service for his/her personal use from market place?

Ans- Consumer.

How consumers participate in the market place?

Ans- By purchasing final goods and services.

Give an example by which consumers are exploited at market place?

Ans- Selling at higher prices or adulteration in food products.

What is the major reason of malpractices in the market place?

Ans- Ignorance by consumers is the major reason of malpractices in the market place.

When did Consumer Movement organised?

Ans- During 1960s.