“Two major problems faced by consumers are regarding information and price of consumer products.” Elaborate this statement with the help of four examples each.
Problems regarding lack of information:
Variation in price: For example, In the same market price of one item is different at different shops. So it is difficult for the consumer to know whose price is justified.
Problems regarding price
Labels on products and internet both are important consumer aids. List three advantages and two drawbacks each of using both.
Advantages of labels
Drawbacks of labels
Internet Advantages
Drawbacks
Write four reasons as to why you do not want to buy a washing machine through the Internet.
Reason to not buy a washing machine through the Internet.
Elaborate eight possible mistakes a consumer makes which prevent him from filing a complaint in the consumer court.
Eight possible mistakes a consumer makes:
Describe five malpractices each of shopkeepers and manufacturers which the consumers often face.
Malpractices of a shopkeeper:
Malpractices of a Manufactures