Podcast
Questions and Answers
What is adulteration?
What is adulteration?
Sale of spurious products means selling valuable goods.
Sale of spurious products means selling valuable goods.
False
What is the purpose of hoarding?
What is the purpose of hoarding?
To create artificial scarcity and increase prices.
Which of the following is an example of misleading advertisement?
Which of the following is an example of misleading advertisement?
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The practice of selling hoarded goods at a higher price is known as ______.
The practice of selling hoarded goods at a higher price is known as ______.
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What is a tie-in sale?
What is a tie-in sale?
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Match the following practices with their descriptions:
Match the following practices with their descriptions:
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Offering gifts with no additional value is a regular marketing practice.
Offering gifts with no additional value is a regular marketing practice.
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Study Notes
Adulteration
- Adulteration involves adding inferior substances to products, impacting quality and potentially health.
- Common examples: mustard oil adulterated with rape seed oil, black pepper with dry papaya seeds, petrol with kerosene.
Sale of Spurious Products
- Selling products with no value, falsely posing as genuine items.
- Primarily concerns medicines, drugs, and healthcare products, posing serious health risks.
- Instances of injections containing water or glucose water, and bottles holding only distilled water.
False Weights and Measures
- Exploiting customers using inaccurate weights and measures to sell less than the advertised quantity.
- Affects products sold by weight (vegetables, cereals, sugar) and length (textile fabrics, suit pieces).
- Involves using inaccurate scales, measuring tapes, and containers with misleading labels.
- Additionally, goods may be weighed alongside packaging, adding to the weight without corresponding value.
Sale of Duplicates
- Selling locally made goods as imported, claiming superior quality and higher prices.
- Common in various products like washing soap, detergent powders, tube lights, jams, edible oil, and even medicines.
- Brands are replicated using generic products.
Hoarding and Black Marketing
- Intentionally withholding essential commodities from the market to create artificial scarcity and increase prices.
- Black marketing involves selling hoarded goods secretly at inflated prices.
- Occurs due to supply shortages, often witnessed with products like onions, leading to high prices.
Tie-in-Sales
- Requiring customers to purchase additional goods as a condition for buying a desired product.
- Alternatively, customers may be required to pay pre-emptive after-sales service charges.
- For instance, gas stoves may be purchased as a requirement for new gas connections, or TV sets may require advanced payment for a year's service.
Misleading Advertisements
- Deceptive marketing tactics falsely portraying products or services as superior in quality, grade, or standard.
- Advertisements may exaggerate the need for a product or service, misleading consumers into unnecessary purchases.
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Description
Test your knowledge on adulteration, the sale of spurious products, and the use of false weights and measures. This quiz covers key concepts and examples in these areas, highlighting their impact on consumer safety and product quality. Discover how these practices can affect health and affect the marketplace.
