Consumer, Market and Society - JSS1 Business studies Past Questions and Answers - page 1
1
What is a consumer?
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A
Someone who sells goods
B
Someone who manufactures goods
C
Someone who buys goods
2
Where do buyers and sellers come together to exchange goods and services?
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A
Workplace
B
School
C
Market
3
What does society refer to?
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A
A group of animals
B
A group of people living together
C
A group of trees
4
Why is consumer education necessary?
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A
To confuse consumers
B
To empower consumers
C
To exploit consumers
5
How does consumer education protect consumers?
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A
By increasing ignorance
B
By promoting deception
C
By preventing exploitation
6
What does consumer education promote?
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A
Unethical behavior
B
Responsible consumption
C
Excessive debt
D
Uninformed decisions
7
What does consumer education promote?
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A
Unethical behavior
B
Responsible consumption
C
Excessive debt
D
Uninformed decisions
8
What rights does consumer education enhance awareness of?
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A
Rights of businesses
B
Rights of animals
C
Rights of consumers
9
Rights of consumers
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A
By discouraging purchases
B
By increasing exploitation
C
By fostering informed decisions
10
What happens when consumers lack awareness about financial matters?
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A
They become wealthy
B
They avoid debt
C
They experience financial hardship
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