In: Operations Management
The general thrust of consumer protection legislation has been to provide accurate information or disclosure of essential terms to the buyer. Has consumer protection legislation generally met this goal?
A Thumbs Up! Would be really helpful for me. If you have any questions, please leave a comment and I will get back to you as soon as possible.
Yes, absolutely! Consumer protection legislation is working day night to keep the consumers aware of the fact that whenever they buy something they should see the labels and ingredients mentioned on the product so that they should not get exploited by the company or by the shopkeepers selling the products. They always try to provide awareness to the consumers not to get exploited by the companies for by the various shopkeepers selling the products of the various companies. There are many companies and various shopkeepers who tend to do fraudulent activities in order to achieve competitive advantage over their competitors and in this process, the consumers are the ones who suffer because in order to achieve competitive advantage companies and shopkeepers try to sell low-quality products and try to earn more money. Consumer protection legislation is always there for the consumers and they will do every kind of help in order to provide justice to there consumers.