How are consumers exploited in the marketplace?

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By selling products at higher prices

Adulteration in products

Supply of defective products

All of the above

answer is D.

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Detailed Solution

Consumers are exploited in the marketplace by selling products at higher prices, adulterating products, and supplying defective products.
Consumers generally participate in market activities by purchasing a final product or service as per their requirements. However, they are exploited in the marketplace because they do not insist on their consumer rights. As a consumer, one expects a certain value for money and it is their right to get the right quantity, right quality, information about the product, right prices, etc. However, they are frequently duped and harassed by sellers and manufacturers.There are many ways in which a consumer is exploited. A seller selling products at higher prices or adulterating a product by providing the right quantity and sometimes supplying defective products are all examples of cheating a consumer.

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