what are the factors which cause consumer exploitation?

Answer 1

Factors that cause consumer exploitation are:
1. Price discrimination by the sellers

2. Irregular prices offered by the seller because of the absence of the government control

3. Consumers being offered adulterated or sub-standard goods again due to the lack of government control or lack of consumer awareness.

4. The consumer is also exploited where a seller enjoys monopoly in the market.

5. Most of the times small buyers suffer exploitation as they don't have enough bargaining power.

6. Lack of consumer awareness on certain norms and policies of the seller.

Answer 2

The definition of consumer exploitation has to do with the ways in which the seller "rips off" the buyer. In other words, cheating the customer.

Some of the factors that affect the outcome include greed (just plain old ordinary greediness), deceitfulness, lazeness (on both consumer and seller), distortion of benefits (claiming the product will do much more than it really will), misrepresentation (saying it does one thing when it really doesn't), and perhaps even spreading false hope (this product might even cure cancer).

In many cases, the seller is a serious perpetrator and is in the wrong. But there are instances when communication and marketing simply fails to portray the absolute truth so the other examples start to apply.

Under the doctrine of Caveat Emptor, the buyer could not recover from the seller for defects on the property that rendered the property unfit for ordinary purposes. The only exception was if the seller actively concealed patent defects. The modern trend, however, is one of the Implied Warranty of Fitness that applies only to the sale of new residential housing by a builder-seller and the rule of Caveat Emptor applies to all other sale situations (i.e. homeowner to buyer)

Before statutory law, the buyer had no warranty of the quality of goods. In many jurisdictions, the law now requires that goods must be of "merchantable quality". However, this implied warranty can be difficult to enforce, and may not apply to all products. Hence, buyers are still advised to be cautious.

In addition to the quality of the merchandise, this phrase also applies to the return policy. In most jurisdictions, there is no legal requirement for the vendor to provide a refund or exchange. In many cases, the vendor will not provide a refund but will provide a credit. In the case of software, movies and other copyrighted material many vendors will only do a direct exchange for another copy of the exact same title. Most stores require proof of purchase and impose time limits on exchanges or refunds; however, some larger chain stores will do exchanges or refunds at any time with or without proof of purchase.

This phrase has given rise to many informal variations, such as caveat reader (properly expressed in Latin as caveat lector).

Caveat emptor has also been used by software documentors to entitle their collection of software functioning oddities or stumbling blocks in usage.

Answer 3

the extremely some factors are; loss of effective tort regulation this ability that if companies can not be prosecuted for breaking their contracts on particular products and amenities then shoppers are extra probable to be exploited. it is the precious reason. yet another reason is loss of opposition. shoppers are plenty much less stressful to exploit whilst a corporation is the only person who sells a definite service or product and no person else stressful circumstances their monopoly. those could be between the biggest. Others are obtainable yet whilst companies are actually not legally compelled to hold as much as contracts then shoppers would be contiously exploited.

Answer 4

please give full details explain the question properly!!