write any one factor which leads to exploitation of consumers?
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Answered by
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four main reasons of exploitation are-
a]limited information
b] limited supplies
c] literacy
d]limited competation
a]limited information
b] limited supplies
c] literacy
d]limited competation
kritikaThakur:
thanks
mention not
Answered by
1
Hii there..!!
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Exploitation of consumers is caused by a variety of factors:-
▶Producers are always looking for easy ways to increase profits.
▶Adulterated or low-quality goods have less production costs, and if the consumer is unaware or illiterate, it is easy to cheat him/her.
▶Also, shopkeepers brush off their responsibility by claiming that the manufacturer is to blame.
Consumers feel helpless in this situation.
▶Often, when the consumers are known not to check the retail price of a commodity on its packing, sellers add extra charges to the same.
▶In places where there is no awareness of consumer rights and the COPRA, consumer exploitation is rampant.
✨✨✨✨✨✨✨✨✨✨✨✨
✨✨✨✨✨✨✨✨✨✨✨
Exploitation of consumers is caused by a variety of factors:-
▶Producers are always looking for easy ways to increase profits.
▶Adulterated or low-quality goods have less production costs, and if the consumer is unaware or illiterate, it is easy to cheat him/her.
▶Also, shopkeepers brush off their responsibility by claiming that the manufacturer is to blame.
Consumers feel helpless in this situation.
▶Often, when the consumers are known not to check the retail price of a commodity on its packing, sellers add extra charges to the same.
▶In places where there is no awareness of consumer rights and the COPRA, consumer exploitation is rampant.
✨✨✨✨✨✨✨✨✨✨✨✨
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