Rights, Duties and Responsibilities of Consumers - Study Notes
Lesson summary
The modern marketing concept treats the consumer as the pivotal point around which the business moves, and satisfying consumer wants is the supreme objective of business. In reality consumers are often supplied adulterated goods at high prices, so they must know their rights, duties and responsibilities.
17.01 Rights of consumers
- Consumer right: the right to have information about the quality, potency, quantity, purity, price and standard of goods or services.
- The most important law in India is the Consumer Protection Act, 1986, enacted on 24th December 1986. It aims to ensure consumer rights, provide remedies for deceived consumers and check unfair and restrictive trade practices.
- John F. Kennedy, former President of the U.S.A., named four basic rights: safety, to be informed, to choose and to be heard.
- The consumer is called the king of modern marketing, but in fact he is not.
| Right | Key idea |
|---|---|
| Protection of health and safety | Protection from harmful products such as food additives, colours and preservatives; safety of food and drugs |
| To be informed | Package shows name, composition, dosage, dates of manufacture and expiry, batch number, warnings, manufacturer and price |
| To choose | Widest range of quality and brands at reasonable prices; consumer satisfaction is the ultimate aim of modern marketing |
| To be heard | Complaints heard; every business should have a separate grievance wing |
| To seek redressal | One step ahead of being heard: compensation within a reasonable time |
| Consumer education | Stay informed all through life; consumer organisations and enlightened businesses help |
| Quality of life | Consumerism defined as an improved quality of life; pollution reduces it |
| Consumer protection | Protection from hazardous goods; use electrical appliances with the ISI mark |
| Basic needs | Food, clothing, water and a pure, healthy environment; the latest addition |
17.02 Duties of consumers
- Buy quality products at reasonable price after knowing price, quality and terms.
- Ensure weights and measures; do not buy a product weighed with its packing.
- Read the label carefully; it should give correct, complete and true information.
- Beware of false and attractive advertisements.
- Misleading schemes: free gifts such as a free comb with soap are paid for through an inflated price.
- Ensure receipt of cash bill and warranty card; without a bill the consumer cannot approach the consumer court.
- Buy from reputed shops or government shops such as super bazaars and cooperative stores.
- Never purchase from black market; avoid panic buying and hoarding.
- Buy standardized products, since cheap products may not be durable or safe.
- Follow the manufacturer's instructions, for example storing a medicine in the fridge.
- Know consumer rights and complain instead of remaining a silent spectator.
17.03 Responsibilities of consumers
Rights and responsibilities are two sides of the same coin.
- Pay the price as per the sales contract and take delivery in time.
- Bear any loss to the seller caused by delay in taking delivery; compensate the seller for delay in payment.
- Follow instructions and precautions while using products.
- Tell the seller clearly what is required and collect full information on quality, quantity and price.
- Get a cash receipt as proof of purchase; obtain a warranty card bearing the seller's signature and stamp.
- Never compromise on quality; watch for ISI, Agmark and FPO marks.
- Report any gap between advertised and actual features to the seller or advertiser.
- File a complaint under the Consumer Protection Act, 1986 if any right is violated.
More for this chapter
Book Back Questions5 textbook MCQs · solved
Additional MCQs26 extra MCQs · solved
Practice TestInteractive · instant score
Book Back TestTest yourself on the textbook set
Additional MCQ TestTest yourself on the extra set
Formula SheetAll key formulas
More chapters in Commerce
View all
1 Principles of Management
2 Functions of Management
3 Management by Objectives (MBO) and Management by Exception (MBE)
4 Introduction to Financial Markets
5 Capital Market
6 Money Market
7 Stock Exchange
8 Securities and Exchange Board of India (SEBI)
9 Fundamentals of Human Resource Management
10 Recruitment Methods
11 Employee Selection Process
12 Employee Training Method
13 Concept of Market and Marketer
14 Marketing and Marketing Mix
15 Recent Trends in Marketing
16 Consumerism
18 Grievance Redressal Mechanism
19 Environmental Factors
20 Liberalization, Privatization and Globalization
21 The Sale of Goods Act, 1930
22 The Negotiable Instruments Act, 1881
23 Elements of Entrepreneurship
24 Types of Entrepreneurs
25 Government Schemes for Entrepreneurial Development
26 Companies Act, 2013
27 Company Management
28 Company Secretary