Question
What is the need for consumer awareness? Give two reasons.

Answer

Consumer awareness is an act of making sure that the consumer or buyer is aware of the information about products, services and consumer rights.
The reasons are :
(i) To protect and promot consumer interest.
(ii) to safeguard consumer rights.
(iii) To prevent consumer exploitation from unfair trade, practices.
(iv) to represent consumer interest before the government.
(v) To provide a meaningful consumer protection through proper legislation.

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