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What is Consumer Exploitation? - Commercial Studies

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Questions

What is Consumer Exploitation?

Explain meaning of consumer exploitation.

Answer in Brief

Solution 1

Consumer exploitation is the use of unethical or unfair methods by different companies to profitably take advantage of their consumers. Lack of understanding, lack of negotiating force or weakness causes consumers to be exploited.

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Solution 2

Consumer exploitation means taking undue advantage of consumers by the sellers for their own benefit.

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Consumer Exploitation
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Chapter 4: Consumer Protection - EXERCISES [Page 56]

APPEARS IN

Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 4 Consumer Protection
EXERCISES | Q 6. | Page 56
Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 4 Consumer Protection
QUESTION BANK | Q 8. 1 | Page 57
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
Exercise | Q 2. | Page 214
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
QUESTION BANK | Q 3. | Page 215
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