Consumer Awareness
Consumer Awareness
Consumer Awareness
~Who is a Consumer?
A consumer is defined as a person who purchases goods or services
for personal needs. Anyone who buys any product or service in the
market is said to be a consumer. In recent times, the term consumer
has been widely used in economics and marketing concepts.
Consumers play a vital role in the economy as they are responsible for
driving the demand for goods and services. They are the backbone of
any economy and hence, it is essential to understand who a consumer
is and their various characteristics. Consumers hold the power to
control the market. They decide what goods and services they want to
buy, how much they want to spend, and from whom they want to
purchase. Due to this, producers and suppliers are continually adapting
their products and services to make them more consumer-friendly.
~Consumer Exploitation
Consumer exploitation refers to the practice of taking advantage of
consumers for financial gain through manipulative or deceitful
practices. Some examples of consumer exploitation include:
● Misrepresenting the quality or characteristics of a product or
service
● Charging excessive prices for goods or services
● Using high-pressure sales tactics to convince consumers to
make a purchase
● Concealing important information from consumers, such as
hidden fees or fine print
● Preying on vulnerable populations, such as the elderly or
low-income individuals, through scams or predatory lending
practices
It's important to be aware of these practices and to do research
before making a purchase in order to protect yourself from
consumer exploitation.
~Consumer Rights
Consumer rights refer to the various rights that consumers are entitled
to as they engage in business activities. These rights cover various
aspects, ranging from fair pricing and product safety to truthful
advertising and protection from fraud. While the concept of consumer
rights may seem like an obvious and fundamental aspect of any
marketplace, it is not always the case. Consumers in some regions of the
world often face shady practices that infringe on their rights, which often
leads to significant harm.
The major consumer rights are:-
● Right to safety:- As consumers, we have the right to expect that
the products we purchase do not pose any health or safety risks to
us or our families. This right means that businesses and
manufacturers have the obligation to ensure that their products
pass the necessary safety tests and conform to applicable safety
regulations. Moreover, businesses that are found to have
endangered their consumers by producing unsafe products should
face criminal, civil, and administrative penalties.
● Right to be informed:- Businesses should provide accurate and
complete information about their products, including details about
product ingredients, functions, health effects, and risks. Informed
consumers are in a better position to make rational decisions that
meet their needs and budgets.
● Right to be heard:- Businesses should have complaint
mechanisms in place and should be willing to resolve any issues
promptly. Additionally, consumers should leave feedback on
products and services to help inform other consumers and allow
service providers to make improvements.
● Right to choose:- The right to choose gives consumers the right to
access various products, goods, or services at competitive prices. A
competitive price means a fair price. The sellers, retailers, or traders
cannot force consumers to purchase the goods of a specific brand.
The consumers can choose the brand they find suitable from their
point of view. The right to choose assures that good quality and
services are given to consumers at reasonable prices in case of a
monopoly. It also includes the right to basic services and goods.
● Right to Consumer Education:- The right to consumer
education means consumers should be aware of their rights to
avoid exploitation. Under this right, the consumer has the right to
acquire the required skills and knowledge to be an informed
consumer. When consumers know their rights, existing acts, and
agencies set up for their protection; they can take action. The
government has also introduced consumer education to the school
curriculum and university courses.
● Right to seek compensation:- This defines that the consumer
has the right to seek redress against unfair and cruel practices or
exploitation of the consumer.
~Consumer Responsibilities
Consumer responsibility refers to the role a consumer plays in the way
that goods or services are provided and made available to the public.
Therefore it is the duty of the consumer to be aware of any changes that
may have been made and which may affect the performance of the
product and so on. Some of the major consumer responsibilities are as
followed:-
1. Responsibility to speak up:- Buyers should not be afraid to air
their problems and tell sellers exactly what they want. When you
believe a corporation, organization, or seller has harmed you, one
of your fundamental legal rights is to speak up and defend yourself.
This is ethical decision-making with the aim of protecting other
customers from the same company’s wrongdoing. Most businesses
offer a complaint department that you can contact if you believe
you have been wronged.
2. Responsibility to be aware:- Consumers have a responsibility
to be aware of the safety and quality of products and services
before acquiring them. The prime responsibility of every customer
is to obtain and retain the proof of purchase and other documents
related to the purchase of durable goods.
3. Responsibility to think independently:- Consumers should
be concerned about what they want and need and should be able to
make independent decisions as a result. It is usually preferable for
a consumer to rely as little as possible on the seller for information
and decision.
4. Responsibility to be an ethical consumer:- Consumers
should be honest and not engage in any misleading practices. Some
customers, particularly during the warranty time, abuse the device
in the mistaken belief that it will be replaced during the warranty
term. This is not a fair situation for them to be in. They should
always make correct use of the merchandise.
~Consumer courts
Consumer Court is a special purpose court in India. It primarily deals
with consumer-related disputes, conflicts, and grievances. The court
holds hearings to adjudicate these disputes.
When consumers file a case, the court primarily looks to see if they can
prove the exploitation through evidence such as bills or purchase
memos. In cases where no such evidence is presented, courts rarely rule
in favor of the plaintiff. The Court mostly decides its verdict based on the
violations of Consumer Rights(if any). The point of having a separate
forum for consumer disputes is to ensure that such disputes are speedily
resolved and make it less expensive.