consumer awareness and its need?

Answer 1

Consumers drive product development and consumers drive prices. Suppliers make up prices in an attempt to maximize their profits, but if consumers don't buy, the price is wrong, and has to be lowered.

Answer 2

consumer awareness is pretty self explanatory (ie, it's the awareness of consumers as to what they consume). it's needed to prevent corporations (or unscrupulous individuals) from charging unfair prices for shoddy products, putting dangerous chemicals in foods, and, generally, taking the public for all they can.

Answer 3

yes