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What is meant by consumer awareness? - Economics

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Questions

What is meant by consumer awareness?

Define the term consumer awareness.

What does consumer awareness mean?

What do you mean by consumer awareness?

Very Short Answer
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Solution 1

Consumer awareness refers to measures taken to make the consumer aware of his rights in order to prevent his exploitation by sellers in the market.

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Solution 2

Consumer awareness refers to a consumer’s understanding of his or her legal rights and responsibilities. A knowledgeable customer may make informed decisions while acquiring various items and services of adequate quality and at reasonable rates.

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Solution 3

Consumer awareness means consumers’ consciousness towards their rights and duties in India. This helps reduce the incidence of consumer exploitation by the sellers in the marketplace.

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Notes

Student should refer to the answer according to their question.

Rise of Consumer Awareness
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Chapter 14: Consumer Awareness - Exercise [Page 214]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
Exercise | Q 1. | Page 214
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Exercise | Q 3. (i) | Page 214
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Chapter 14 Consumer Awareness
QUESTION BANK | Q 2. | Page 215
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Chapter 12 Consumer Awareness
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J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 12 Consumer Awareness
QUESTION BANK | Q 6. | Page 168
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