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What is Consumer Exploitation?

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Questions

What is Consumer Exploitation?

Explain the meaning of consumer exploitation.

Explain
Short Answer
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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 14: Consumer Awareness - QUESTION BANK [Page 262]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
QUESTION BANK | Q 3. | Page 262
Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 4 Consumer Protection
QUESTION BANK | Q 8. (i) | Page 60
Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 4 Consumer Protection
EXERCISES | Q 4. | Page 58
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
Exercise | Q 2. | Page 261
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