Why should consumer become well informed consumers
Answers
Consumers should be well informed because of the following reason -
1.To protect themselves from blackmarketing , cheating , adulteration etc.
2.To save their valuable amount.
3.So that they can make illiterate person aware of their rights
Answer:
1. Consumers can be sold adulterated good, defective products or wrong quantity to increase profits of the sellers.
2. Such malpractices can not only be exploitative but also harmful to consumers.
3. False information can be advertised on media to attract buyers. For example, a company selling baby milk powder advertised for a long time that it was better than mother's milk.
4. A well-informed consumer would know about the legal rights that protect him/her from such exploitation.
5. Logos like ISI and Hallmark which guarantee a product's quality are useful only when the consumer is informed.