Quick Answer: What Is The Main Objective Of Consumer?

What are the advantages of consumer?

While multiple influences work to direct consumers’ shopping, consumers retain the final right to purchase or not purchase any items from a store.

This advantage forces stores to adjust the costs of their products down, to persuade consumers to make the final decision to purchase items..

Why is consumer education important?

Consumer education provides the public with the information it needs on products and services so it can make well-informed decisions on what it is purchasing and from whom it purchases. It helps consumers understand their rights and become active participants in the buying process.

What is the meaning of consumer?

A consumer is one that buys goods for consumption and not for resale or commercial purpose. The consumer is an individual who pays some amount of money for the thing required to consume goods and services. … Without consumer demand, producers would lack one of the key motivations to produce: to sell to consumers.

What is aims and objectives of consumer protection act?

The main objective of the Consumer Protection Act, 1986 is to protect the interests of consumers in India. It aims to provide a speedy and simple redressal to consumers’ grievances. It provides effective safeguards to consumers against various types of exploitations and unfair trade practices.

What are the main objective of Consumer Protection Act 1986?

The Consumer Protection Act was passed in 1986 and it came into force from I July, 1987. The main objectives of the Act are to provide better and all round protection to consumers and effective safeguards against different types of exploitation such as defective goods, deficient services and unfair trade practices.

What is the purpose of consumer rights?

Consumer rights and consumer protection law provides a way for individuals to fight back against abusive business practices. These laws are designed to hold sellers of goods and services accountable when they seek to profit by taking advantage of a consumer’s lack of information or bargaining power.

What are the advantages of consumer awareness?

With the consumer awareness ,the consumers are easily able to get knowledge about their consumer rights. And wicked traders don’t get chance to fool people. There is no such disadvantages of the consumer awareness.It is very necessary for us.

How does consumer awareness help our society?

Consumer awareness is an act that allows people to get informed about products while purchasing and selling. … Awareness among people helps them to get a better deal for the products and removes their ignorance that a seller often tries to use it.

What are the salient features of Consumer Protection Act?

The Salient Features of the Act are as under: (i) The Act provides for establishing three-tier consumer dispute redressal machinery at the national, state and district levels. (ii) It applies to all goods and services. (iii) It covers all sectors, whether private, public or any person.

What are the functions of consumer forums?

At the state level it is known as State Consumer Disputes Redressal Commission (State Commission). It has jurisdiction to entertain consumer complaints where the value of goods/services and compensation claimed if any upto Rs. 1 Crore and appeals against orders of Distrci Forum.

What are the 8 basic rights of consumers?

The eight consumer rights are: Right to basic needs, Right to safety, Right to information, Right to choose, Right to representation, Right to redress, Right to consumer education, and Right to healthy environment.

What is the main objective of consumer awareness?

The objective of this project is to assess the people of different class in the society about different aspects of consumer awareness viz., price and quality of products used by them, about Fair Price Shop, standardization of products, about Consumer Forum, about their Rights and Duties etc.

What are the rights of consumers?

The bill stated that every person has four basic consumer rights—the right to be informed, the right to choose, the right to safety, and the right to be heard. These rights received a lot of attention from the consumer movement, a movement to pass laws protecting consumers from unfair and unsafe business practices.