Define consumer exploitation?

Taking undue advantage of consumer

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Misleading the customer by selling wrong product

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Both A and B

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None of these

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Solution

The correct option is B Both A and B
Taking undue advantage of consumer or group of consumers by the sellers for their benefit is called consumer exploitation. Consumer can be exploited in many ways like product differentiation, price differentiation, monopoly, etc.

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Define consumer exploitation?

The correct option is B Both A and BTaking undue advantage of consumer or group of consumers by the sellers for their benefit is called consumer exploitation. Consumer can be exploited in many ways like product differentiation, price differentiation, monopoly, etc.

The correct option is B Both A and B
Taking undue advantage of consumer or group of consumers by the sellers for their benefit is called consumer exploitation. Consumer can be exploited in many ways like product differentiation, price differentiation, monopoly, etc.