answersLogoWhite

0

The merits of consumer awareness include being able to know counterfeit products, identifying the correct standard for products and avoiding overpaying for items. The demerits involve many legal issues with sellers and spending too much time going through the standards.

User Avatar

Brennan Jacobs

Lvl 10
4y ago

What else can I help you with?

Continue Learning about Marketing

Explain various pricing method with their merits and demerits?

The merits of the sampling methods takes the right products to the right customers. The demerit of this pricing method is that there are some goods which can't be sold therefore leading to losses.


What are the merits and demerits of consumer preference?

Consumer preference plays a crucial role in shaping market dynamics, as it drives demand and influences product development. On the merits side, it empowers consumers by allowing them to choose products that best meet their needs, fostering competition and innovation among businesses. However, a potential demerit is that it can lead to market volatility, as rapidly changing preferences may cause instability for companies and disrupt supply chains. Additionally, a narrow focus on consumer preference can sometimes overshadow other important factors, such as sustainability and ethical considerations.


What are the merits and demerits of advertisement?

Merits 1.some advertises present us useful products 2.some advertises present us time of films 3.some advertises show us great monuments


Importance of consumer awareness?

Consumer awareness is making the consumer aware of His/Her rights.It is in a consumer's best interest to have a high awareness of the products he/she buys. Higher awareness can lead to saving money and/or improving the quality of the goods purchased.If we look at the opposite scenario, a poorly-informed consumer will spend more money on products that provide less utility to the consumer, and there can be a loss, either private or social.


What are some of the demerits of marketing information system?

consumers priorities are not met. 2) lack of technical know how is found in service agencies. 3) introducing multiple models in the market without knowing merits and demerits of previous models namaste

Related Questions

What are the merits and demerits of consumer awareness?

The merits of consumer awareness include being able to know counterfeit products, identifying the correct standard for products and avoiding overpaying for items. The demerits involve many legal issues with sellers and spending too much time going through the standards.


Explain the merits and demerits of advertising as an aid to trade?

what is merits and demerits of posters and advertisement? what is merits and demerits of posters and advertisement? what is merits and demerits of posters and advertisement? what is merits and demerits of posters and advertisement? what is merits and demerits of posters and advertisement? what is merits and demerits of posters and advertisement? what is merits and demerits of posters and advertisement? what is merits and demerits of posters and advertisement? what is merits and demerits of posters and advertisement?


Merits and demerits of hotels?

hotel merits and demerits


What are the Merits and Demerits of plastic?

merits and demerits of plastics


What are the merits and demerits of fashion shows?

merits and demerits of fasion


Merits and demerits of co-marketing?

Merits and Demerits of media?


Merits and demerits of friction in cricket?

criket merits and demerits


What are the merits and demerits of an economic system?

What are the merits and demerits of an economic system?


What are the merits and demerits of privatization of VSNL?

merits and demerits of privatization of VSNL


Define deflation explain merits and demerits of deflation?

merits and demerits of deflation


What are the Merits and Demerits of Tally over Oracle Application?

what are the merits and demerits of tally?


What are the merits and demerits of communism?

Merits-Everyone is Equal. Demerits-Everyone is Equal.