Quiz on Consumer Exploitation

The act of exploiting customers is known as

• neglect
• manipulation
• abandonment
• consumer exploitation

When a company prioritizes profits instead of consumer welfare they may

• enhance product quality
• increase consumer trust
• neglect consumer welfare
• expand market reach

Mr. Banks gives false or misleading information about products and services and thereby tricks consumers into buying them. This is an example of

• sales

• advertising
• consumer protection

• false advertising

Which of the following business practices is considered a form of consumer exploitation

• Free returns policy
• Customer loyalty programs
• Transparent pricing
• bait and switch

Jane buys jewelry from a street vendor and realizes it is fake. Jane is a victim of consumer exploitation because

• she received a discount on the jewelry
• the jewelry was made from high-quality materials
• she was misled into purchasing fake jewelry
• the vendor was friendly and helpful

Consumers can protect themselves from exploitation by

• accepting all offers without question
• relying solely on social media reviews
• ignoring all advertisements
• staying informed and vigilant about their rights and options