Answer :

In this age of capitalism and globalization, the main objective of each producer is to maximize his profit. In each and every possible way the producer is trying to increase the sale of their products. Therefore, in fulfilment of their aim, they forget the interests of consumer s and start exploiting them

Hence consumer awareness is important in the following ways:


1. he should get the goods which are measured appropriately and he should not be cheated in any way. For this, he should be made aware.


2. Big companies through their advertisement also mislead the consumers. Consumer awareness shields them from the exploitation by producers and sellers.


3. Consumer education and awareness motivate people not to purchase such goods which are very harmful to them.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Glimpses of IndiaGlimpses of IndiaGlimpses of India39 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses