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Questions and Answers
Who is considered a consumer?
Who is considered a consumer?
- Someone who buys a product for personal use (correct)
- Someone who consumes products without permission
- Someone who sells products for profit
- Someone who produces goods for personal use
What is the role of a customer?
What is the role of a customer?
- To sell the product for profit
- To produce goods for personal use
- To lend money to producers
- To consume the product with permission (correct)
Why can consumers be exploited in the marketplace?
Why can consumers be exploited in the marketplace?
- Because markets are always fair playing fields
- Because consumers have excessive knowledge about products
- Due to excessive competition among producers
- Due to few powerful producers and dispersed consumers (correct)
What makes it easier for large corporations to engage in unethical business practices?
What makes it easier for large corporations to engage in unethical business practices?
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What happened to Farmer Swapna as an example of marketplace exploitation?
What happened to Farmer Swapna as an example of marketplace exploitation?
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