Question

In: Finance

Chapter Name: Ethics of Consumer Protection Creative Question: (Note:This question have a requirements which is give...

Chapter Name: Ethics of Consumer Protection

Creative Question: (Note:This question have a requirements which is give with the question)

HOW ARE INDIAN CONSUMERS EXPLOITED? Explain in your own word .

(Requirement: You must include in this factors/topic : DECEPTIVE SELLING PRACTICES, FALSE AND MISLEADING ADVERTISEMENTS, DEFECTIVE QUALNY, HIGHER PRICES, SALE OF HAZARDOUS PRODUCTS TO IGNORANT CONSUMERS, SUPPRESSION OF MATERIAL INFORMATION, FALSE PRODUCT DIFFERENTIATION, PRODUCERS'/SELLERS' COLLUSION, SUPPLY OF ADULTERATED AND SUBSTANDARD PRODUCTS,CHEATING CONSUMERS BY GIVING LESSER QUANTITY FOR THE PRICE,DISHONOURED GUARANTEES AND WARRANTIES, POOR REDRESSAL OF CUSTOMERS' GENUINE GRIEVANCES, MAKING CONSUMER BUY UNWANTED GOODS, CREATING A SCARE OUT OF SCARCITY, MISLEADING REPRESÈNTATION ON UTILITY OF PRODUCTS, MANIPULATING CONDMONS OF DELIVERY, CUSTOMERS PAY FOR NUMEROUS INTERMEDIARIES, FALL IN PRICES_NEVER PASSED TO CONSUMERS, BUYING UNAFFORDABLE GOODS, ADVERTISEMENT COST, COUNTERFEITS CONSTITUTE SUBSTANTIAL QUANTITY OF GOODS IN STORE SHELVES, HOARDING AND BLACK-MARKETING,TIE-IN-SALES,GIFTS FOR PRODUCTS/SERVICES)

Solutions

Expert Solution

1. False Advertising : Numerous makers cause deluding ads so as to sell their items or administrations. Their benefit rationale incites them to take part in misbehaviors and abuse of customers by celebrating the bogus advantages of their item or on the other hand administration.

2. Improper use of weights and measures: Numerous nearby retailers don't utilize standard loads and measures for gauging and estimating the items. They supplant loads with stones or sell their item by assessing its amount.

3. Unsatisfactory after sales service :Different electronic or electrical gadgets require an after deals administration to guarantee its appropriate working. On the off chance that the after deals administrations are not acceptable then the items stay at a higher danger of getting harmed.

4.Sub-standard quality : The merchandise sold once in a while are of low quality. The quality of an item decays after its expiry date or because of poor bundling.

5. Adulteration : All the time venders disintegrate the nature of an item by adding another substance to it so as to build its amount.

6.Hoarding of goods and black marketing : Venders now and again buy items in a tremendous amount with an aim to sell it later on at greater costs when the item is unavailable in the market and exceptionally sought after by the shoppers.

7. Charging higher than the actual price : A few retailers charge their customers more than the most extreme retail cost of the item.

8. Duplication of products : At times shoppers are abused as they are sold copy items which are professed to be authentic and bona fide by the vender.


Related Solutions

Chapter Name: Handmaid of ethics: Corporate Social Responsibility Creative Question: (Some question have a requirements which...
Chapter Name: Handmaid of ethics: Corporate Social Responsibility Creative Question: (Some question have a requirements which is give with the question) Why social responsibility of business in CSR?- Explain in your own word. ( Requirement: You must include in this topic :Accountability to society and Corporations’ debt to society) .
Chapter Name: Handmaid of ethics: Corporate Social Responsibility Creative Question: (Some question have a requirements which...
Chapter Name: Handmaid of ethics: Corporate Social Responsibility Creative Question: (Some question have a requirements which is give with the question) Explain in your own word about the advantages of CSR.( Requirement: You must include in this topic : Improved financial performance, enhanced brand image and reputation, Increased sales and customer loyalty, increased ability to attract and retain employees, reduced regulatory oversight, innovation and learning, risk management, easier access to capital, reduced operating costs) and Explain in your own word...
Chapter Name: Handmaid of ethics: Corporate Social Responsibility Creative Question: (Some question have a requirements which...
Chapter Name: Handmaid of ethics: Corporate Social Responsibility Creative Question: (Some question have a requirements which is give with the question) Why social responsibility of business in CSR?- Explain in your own word. ( Requirement: You must include in this topic :Accountability to society and Corporations’ debt to society) .Explain in your own word about The Classical Economic Model & The Socioeconomic Model. Explain in your own word about implementation of CSR.
Chapter Name: Ethics of consumer protection ( Note:Please answer this factor of consumer duities and responsibility...
Chapter Name: Ethics of consumer protection ( Note:Please answer this factor of consumer duities and responsibility in 1-11 respectively ) CONSUMER DUTIES AND RESPONSIBILITIES are given below and describe these briefly 1.Substantiate the complaint, 2.Listen to the seller, 3.Cooperate with the seller if needed, 4.Avoid inconvenience to others, 5.Do not personalize issues, 6.Not lend self to others, 7.Be well informed, 8.Understand the grievances redressal process, 9.Avoid impulsive buying, 10.Buy goods from authorized agents, 11.Other duties and responsibilities
Chapter Name: Handmaid of ethics: Corporate Social Responsibility Creative Question ( some question has a requirement...
Chapter Name: Handmaid of ethics: Corporate Social Responsibility Creative Question ( some question has a requirement which is given with the question) In your opinion How models for Implementation of CSR works in a corporation and why models for implementation of CSR are important in an organization ( Requirement: You must include in this topic : Ethical model, Statist model, Liberal model , Stakeholder model with example). Explain in your own word about the Scope of CSR and the Steps...
List and briefly characterize the requirements for power protection devices and systems. Which of the requirements...
List and briefly characterize the requirements for power protection devices and systems. Which of the requirements do you think are the most important?
Scenario 5 – Consumer Protection [Restaurant Name] does not publish the prices of drinks on the...
Scenario 5 – Consumer Protection [Restaurant Name] does not publish the prices of drinks on the menus. Nik Carlson, a customer of the restaurant filed a lawsuit claiming that failure to provide drink prices on the menu constitutes an unfair business practice because customers must make quick decisions about ordering drinks after asking about the price. Another plaintiff, Joe Swanson, claimed that he was not provided with a cost for his drink until after he ordered it, which constitutes consumer...
The goal of Chapter 2 is to give students an understanding of which courts have power...
The goal of Chapter 2 is to give students an understanding of which courts have power to hear what disputes and when. Hence, the first major concept introduced in this chapter is jurisdiction. Jurisdiction generally involves 3 components: subject matter; territory; and person(s). Take for instance a city court like 36th District Court in Detroit. By statute, 36th District Court has jurisdiction over landlord/tenant disputes, civil cases, subject to dollar limitations, garnishments, misdemeanor trials, felony arraignments, and traffic cases, among...
law and ethics Which is not true about CGL insurance a. it provides protection against claims...
law and ethics Which is not true about CGL insurance a. it provides protection against claims b. insurance can be purchased on multiple layers c. it can be a claim made or occurrence policy d it protects against the insured loss rather than against the claim if the third party
Which of the following statements is correct: The Fair Trading Act provides for consumer protection and...
Which of the following statements is correct: The Fair Trading Act provides for consumer protection and the Consumer Guarantees Act does not The Fair Trading Act is the only statute that provides for Consumer Protection The Consumer Guarantees Act is the only statute that provides for Consumer Protection Both the Fair Trading Act and the Consumer Guarantees Act provide for Consumer Protection Which of the following statements is not correct? The Fair-Trading Act applies to both goods and services The...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT