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प्रश्न
While purchasing groceries in the local market, Radha realises that the same item is priced differently in every shop.
In the above context, explain the causes of price variation faced by Radha.
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उत्तर
Causes of price variation:
- Better Quality Costs More than Lower Quality: Higher quality products often come with higher production costs, such as superior materials or advanced manufacturing processes. This increased cost is usually reflected in the higher price of the product compared to lower-quality alternatives.
- Variation in Purchasing Power of People in Different Areas: Prices can vary based on the purchasing power of consumers in different regions. Areas with higher income levels may see higher prices due to greater demand and higher cost of living, while lower-income areas might have lower prices to match the local purchasing power.
- Lower Prices in the Wholesale Market Compared to Retail Areas: Products are typically sold at lower prices in wholesale markets where they are bought in bulk. Retailers add a markup to cover their costs and profit margins, which results in higher prices at retail outlets compared to wholesale prices.
- Packaging of Products: Products that are pre-packaged and branded often cost more than those sold loose. Packaging adds to the cost due to the materials and labor involved, and these costs are passed on to the consumer.
- MRP Includes Retailer’s Commission: The Maximum Retail Price (MRP) printed on labels often includes the retailer’s margin or commission. This means the final price consumers pay at retail outlets can be higher than the base cost of the product due to this additional markup.
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संबंधित प्रश्न
In India Consumer Protection Act is not required.
write short note on Consumer Rights
Suman bought a box of cheese of a reputed brand from a local shopkeeper. On opening the box she found a piece of stone in the cheese. She reported the matter to the shopkeeper who forwarded her complaint to the concerned company. Within a week the representative of the company visited Suman's residence with an apology and as a replacement offered her a new cheese pack with four other varieties of cheese as compensation for the inconvenience to her.
State the consumer right which Suman exercised.
Answer the following question:
Explain briefly any two points of importance of consumer protection from the point of view of the business.
Explain any two points of importance of 'consumer protection' from the point of view of business and any two points from the point of view of consumers.
The president of State Commission is ................. .
State with reasons whether the following statement True or False.
The Government alone is fighting for consumer protection.
A patient suffering from a high fever was hospitalised for a few days. During the treatment, he was given an injection whichcaused a permanent nerve damage resulting in paralysis. The cost of treatment was ₹2,00,000, which was disputed by the patient's family.
The consumer dispute redressal authority can be approached by the patient's family. Explain any three rights to the consumers.
Tara went to a farm on the outskirts of the city. She purchased honey and ghee from the farm. On reaching home, she found that the seal of the honey bottle was broken.
- What are standardised marks? Which standardised mark should Tara look for on the above mentioned products?
- 'On reaching home, she found that the seal of the honey bottle was broken. Which right of Tara was violated as a consumer?
- Mention any four details that a consumer should check on the label of a product, before purchase, to ensure its quality.
Meena wants to deposit her surplus money in the bank for a higher rate of interest. Keeping in view Meena’s requirement, suggest the type of bank account she should open. Mention any one feature of the account suggested by you.
