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kritikaThakur
@kritikaThakur
July 2021
2
24
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write any one factor which leads to exploitation of consumers?
Answers & Comments
divyansh2002
Four main reasons of exploitation are-
a]limited information
b] limited supplies
c] literacy
d]limited competation
1 votes
Thanks 1
kritikaThakur
thanks
divyansh2002
mention not
Dhiman011
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.
✨✨✨✨✨✨✨✨✨✨✨✨
1 votes
Thanks 1
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Answers & Comments
a]limited information
b] limited supplies
c] literacy
d]limited competation
✨✨✨✨✨✨✨✨✨✨✨
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.
✨✨✨✨✨✨✨✨✨✨✨✨