Question: How Can I Be A Good Consumer?

What are two main consumer responsibilities?

Five consumer responsibilities include staying informed, reading and following instructions, using products and services properly, speaking out against wrongdoing and lawfully purchasing goods and services..

What does it mean to be a smart consumer?

A smart consumer looks for a good, reliable product that’s reasonably-priced. The cheapest product may not be the best deal in the long-run if it doesn’t perform, or needs costly repairs.

What are some consumer skills?

Being a Good ConsumerConsumer is a person who purchases goods and services.Consumers should be familiar with the products, by reading about them and doing researching before they purchase.Have self discipline. … Try to be a cautious consumer.Good consumers know if the price is fair.

Why do we need to be a smart consumer?

Overall being a smart consumer means to thoroughly research the product you are buying and ensuring it is intended to safely and efficiently do what you bought it for. Consumers have a right to having choices, safe products, and making informed choices in the marketplace.

What are 5 consumer responsibilities?

Consumers have five responsibilities: critical awareness; action; social concern; environmental awareness; and solidarity. But generally speaking, the fundamental duty of every consumer is to know their rights.

What does it mean to be a good consumer?

A consumer is someone who purchases goods and services. Being a good consumer is being careful about how you spend your money. In other words, a good consumer spends money wisely. These all teach your child that you want to get the best value for your dollar.

What are the different types of consumer?

Following are the most common five types of consumers in marketing.Loyal Customers. Loyal customers make up the bedrock of any business. … Impulse Shoppers. Impulse shoppers are those simply browsing products and services with no specific purchasing goal in place. … Bargain Hunters. … Wandering Consumers. … Need-Based Customers.

What are the 8 basic rights of consumers?

Consumer RightsRight to Safety. Means right to be protected against the marketing of goods and services, which are hazardous to life and property. … Right to be Informed. … Right to Choose. … Right to be Heard. … Right to Seek redressal. … Right to Consumer Education.

What do wise consumers always do before buying something?

To be a wise consumer you have to be able to spot spending traps, avoid impulse buying and be able to get the best value for the least amount of money. Being a wise consumer means doing your research before purchasing item online, and knowing exactly where your money is going.

What are the characteristics of a smart consumer?

5 Signs You’re a Smart ConsumerImpulse control. If you can walk past those “for sale” signs and ignore the candy at eye level, then there’s a pretty good chance you won’t fall for a fast sales pitch. … Patience. Scoring the best price on a product may mean coming back later, when the item is on sale. … Thoroughness. … Politeness. … Frugality.

What is the meaning of consumer?

A consumer is one that buys goods for consumption and not for resale or commercial purpose. The consumer is an individual who pays some amount of money for the thing required to consume goods and services. … Without consumer demand, producers would lack one of the key motivations to produce: to sell to consumers.

How do you protect your rights as a consumer?

File a complaint with a federal or state consumer protection agency.Name and contact information.Information about the seller and the type of product or service.A detailed description of your complaint. … At the federal level, the Federal Trade Commission (FTC) is responsible for protecting consumer rights.

What are five methods of resolving consumer complaints?

Techniques for dealing with customer complaintsSolve the customer’s complaint. Think of ‘How to solve the customer’s problem’ rather than ‘Who is to blame?’ … Listen to the customer. … Give the customer solutions. … Take charge of the customer complaint. … Tell customers what they CAN DO, not what they CAN’T. … Learn to welcome complaints.

What are the benefits of being a wise consumer?

In addition to economic savings, wise consumers enjoy improved health and have a positive impact on the larger social and even global environment. Explain how “walk-away power” can be used as a negotiating tool. You must not get emotionally attached to the purchase.

What are 5 consumer protection laws?

There are many other acts worth learning about that apply in certain situations, including the Home Owner Protection Act, the Home Affordable Modification Program, the Fair Credit Reporting Act (FCRA), the Electronic Funds Transfer Act, the Fair Debt Collection Act, and the Fair Credit Billing Act.