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