Write various forms of consumer exploitation
Answers
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●i). Adulteration: Adulteration means mixing or substituting undesirable materials in food. This causes heavy loss to the customers; they suffer from monetary loss as well as spoil their health.
●ii). False claim: Sellers make false claim about the durability and quality of their product through advertisements.
●iii). Under measurement: Sellers generally give under measured goods and charge for the actual quantity.
●iv) . Hoarding and black marketing: Trader generally holds the stock of essential commodities to create artificial scarcity in the market so that they can sell their commodities at higher price.
●v). Substandard goods: Sellers usually sell inferior quality goods in order to make more profit.
●vi). High price: Sellers who are dealing in necessities generally charge arbitrary prices.
●vii) . Duplicate Articles: In the name of genuine parts or goods, duplicate items are sold to the consumers.
●viii). Lack of safety devices: Electronic appliances produced locally lack the required inbuilt safeguard which causes harm to the consumers.■■■■
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Answer:
The different forms of consumer exploitation are:
(i) Less weigh.
(ii) Defective goods.
(iii) Provide poor services.
(iv) Impure quality of products/goods.
(v) High prices: sellers usually charge a price higher than theprescribed retail price.
(vi) Duplicate Articles.
(vii) False or incomplete information, misleading consumers.
(viii) Lack of safety devices which cause harm to the consumers.
(ix) Adulteration: Mixing or substituting undesirable materials in food items etc.
(x) Unsatisfactory after sale service: supplies do not provide satisfactory behavior.
(xi) Large companies with huge wealth, power and reach can manipulate in the market.