Question

What is the significance of consumer awareness in the world today?

Answer 1

Consumer Awareness is an act of making sure the buyer or consumer is aware of the information about products, goods, services, and consumers rights.Consumer awareness is important so that buyer can take the right decision and make the right choice. The need of consumer awareness is due to:

(i) As selfishness of manufacturers and traders can go to any extent.

(ii) Some unscrupulous traders began to play with the health of the nation by indulging in adulteration of edible oils, milk, butter, ghee, spurious medicine, etc.

Consumer awareness is an act that allows people to get informed about products while purchasing and selling. ... Awareness among people helps them to get a better deal for the products and removes their ignorance that a seller often tries to use it.