Caveat Emptor
? Let the buyer beware
? Consumer should be responsible about what he wants to buy, prices and quality
? Upto the consumer to chose wisely
Consumer Protection
? Sometimes impossible to know whether the product is will work properly or not
? At point of sale consumer are protected by law concerning some aspects of their purchases despite principal of caveat emptor
Consumer Rights
? United Nations Guidelines on Consumer Rights- 8 basic consumer rights that as consumers we are entitled to
? Rights are
? SAFETY
- products/services should not hidden safety hazards in natural use
- Fair Trading Act NSW has safety standards for particular types of products
- Unsafe products can be banned ( product faulty and can not be sold again) or recalled (all stock taken back repaired and then put on the shelves)
? INFORMATION
- information provided to customers must be accurate ? consumer must be able to make an informed choice
- labeling/advertising must not be misleading
- Information required by law:
- Prices
- Capability of the product
- Content and weight of packages
- Care and size labeling on clothing
- Country of origin of product
- Safety instructions of use of the use of dangerous products
- Fiber content of soft goods like soft toys
- Date stamping
- Additive labeling of foods and drinks i.e. colouring
? CHOICE
- chose from a section of products
- but or refuse to buy goods o services
- to chose the seller they want to but from
- to be free from unreasonable pressure to buy
? RIGHT TO BE HEARD
- if small shop is difficult to be heard because no superiors
- if large company you can:
- talk to manger
- make bad publicity
- if concerning the l ...