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