What are the effects of consumer awareness?

What are the effects of consumer awareness?

Major determinants that impacts consumer awareness and further leads them to buy green products are safety, income, ecological concern, knowledge, age , gender, attitude, values, brand labelling, packaging etc. this study provides valuable insights into the consumer buying behavior by studying the consumer awareness.

What is the conclusion of consumer awareness?

To conclude, people are concerned about different aspects of consumer awareness i.e. their rights and duties, certified products, date of manufacturing and expiry of the products they used, Consumer Courts etc as far as urban area is concerned. They must have awareness about their rights and duties.

What are benefits of consumer awareness?

Consumer awareness plays a key role in decision making and benefits society by promoting customer satisfaction, increasing economic stability and creating realistic expectations. The benefits of consumer awareness of an individual include enhanced critical thinking, improved life skills and increased self-confidence.

What is a consumer awareness?

Consumer awareness means being conscious of having knowledge about the various consumer production laws, redress mechanism and the consumer rights which include right to protection of health and safety from goods and services that the consumer buy, right to be informed about the quality, price, potency, purity and …

What are the objectives of consumer awareness?

Some of the objectives of the Consumer awareness are as: To achieve maximum satisfaction. Protection against exploitation. Control over consumption of harmful goods.

What are the types of consumer awareness?

8 depicts different aspects of consumer awareness, i.e., standardisation, MRP, date of manufacturing and expiry, knowledge about Consumer Courts, rights and duties of the consumers, etc. Out of total families, 81.25% of families check MRP, date of manufacturing and expiry.

What is the main objective of consumer awareness?

1. Consumer awareness seeks information about consumer awareness regarding different products. 2. It gets information about demerits and defects of products and suggests remedial measures.

How is consumer awareness spread?

The enactment of the COPRA (Consumer Protection Act) has led to the setting up of separate departments of Consumer Affairs in central and state governments. Consumers should be made aware of their various rights like the right to be informed, right to choose. …

What are the aims and objectives of consumer awareness?

What are the pros and cons of consumerism?

Now the rise of consumerism is impacting the developing world as the developed countries mature. You’ll find new advertisements for goods or services around the globe. Debt levels rise as people buy items they want. Innovative products continue to call for a purchase. These are the consumerism pros and cons to evaluate today. 1.

Which is an example of consumer awarness in business?

In each and every possible way the producer are trying to increase the sale of their products. Therefore, in fulfillment of their aim they forget the interests of consumer s and start exploiting them for example – overcharging, under weighing, selling of adulterated and poor quality goods, misleading the consumers by giving false advertisement etc.

Why is the importance of consumer awareness important?

In this way, consumer awareness means creating awareness of a consumer towards his rights and duties. Need and importance of consumer awareness It has been observed very often that a consumer does not get right goods and services. He is charged a very high price or adulterated or low quality goods are sold to him.

How does consumerism affect the environment and economy?

1. The economy takes precedence over the environment. When a society focuses on consumerism, the environment is usually the first element to see degradation occur. When consumers focus an increased demand for goods or services, the natural resources in the area come under pressure. Raw materials, water, and food products may experience scarcity.