wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Identify the reasons behind consumer exploitation.

A
Satisfactory sales
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Ignorance of consumers
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Lack of legal knowledge
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Lack of consumer awareness
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D Lack of consumer awareness
A consumer is exploited because of the following reasons:

a) Ignorance of consumers about exploitation prevents him/her from addressing the issues.
b) A lack of legal knowledge prevents consumers from seeking redressal.
c) A lack of consumer awareness refrains the consumer from voicing the issue.
d) Unsatisfactory sales leading to losses and by exploitation producers to increase their profits.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Sum of Consecutive Nos.
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon