PROTECTION AGAINST EXPLOITATION PPT.pptx

THIS WILL DESCRIBE ABOUT CONSUMER EXPLOITATION

1. PROTECTION AGAINST EXPLOITATION Dr . V.Shantha Meena , Assistant Professor, Department of Commerce (SF), V.V.Vanniaperumal College for Women, Virudhunagar.

2. CONSUMER A consumer is a person who consumes a product or service. The word consumer is often used interchangeably with the word customer. This is not entirely accurate. A customer is a person or organisation that purchases goods or services.

3. CUSTOMER A customer is a person or business that buys goods or services from another business. Customers are crucial because they generate revenue. Without them, businesses would go out of business.

4. CONSUMER EXPLOITATION

5. Consumer exploitation is a situation in which a consumer is cheated or given false information by the producer. Large companies with huge wealth, power and reach can manipulate the market in various ways. At times they pass on false information through the media , and other sources to attract consumers.

6. WAYS OF CONSUMER EXPLOITATION False advertising Price gouging Unfair contract terms Poor quality products Limited choices

7. Consumer protection is the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace.