Consumer Protection
Class 12 Business Studies
prepared by Preksha Mehta
CONSUMER PROTECTION
Consumer protection
refers to providing
education to consumers
about their rights and
responsibilities and
helping them in getting
their grievances
redressed.
prepared by Preksha Mehta
IMPORTANCE OF CONSUMER PROTECTION
From Consumers’ Point of
View
1. Consumer Ignorance
2. Unorganised Consumers
3. Widespread Exploitation
of Consumers
prepared by Preksha Mehta
IMPORTANCE OF CONSUMER PROTECTION
From Businessman’sPoint
of View
1. Long-term Interest of
Business
2. Business uses society’s
resources
3. Social Responsibility
4. Moral Justification
5. Government
Intervention
prepared by Preksha Mehta
WAYS AND MEANS OF CONSUMER
PROTECTION
➢Self-Regulation by business
➢ Business Associations
➢Consumer Awareness
➢Consumer Organisations
➢ Government
prepared by Preksha Mehta
CONSUMER RIGHTS
1. Right to Safety:The consumer
has a right to be protected
againstgoods and services
which are harmful to life and
health.
2. Right to Choose:The consumer
has the freedom to choose from
a variety of products at
competitive prices.
3. Right to be Informed:The
consumer has a right to have
complete information about the
product he intends to buy
including its ingredients, date of
manufacture, price, quantity,
directions for use, etc.
prepared by Preksha Mehta
CONSUMER RIGHTS
4. Right to be Heard: The consumer
has a right to file a complaint in
case of dissatisfaction with a
good or a service.
5. Right to SeekRedressal:The
consumer has a right to get
reliefs in case the product or
service falls short of his/her
expectations.
6. Right to Consumer Education:
The consumer has a right to
acquire knowledge and to be a
well-informed consumer
throughout life. He should be
aware about his rights and the
reliefs available to him.
prepared by Preksha Mehta
CONSUMER RESPONSIBILITIES
➢ Be aware about various
goods and services
available in the market.
➢ Buy only standardised
goods and check for
standardisation marks.
➢ Learn about the risks
associated with products
and services, follow
manufacturer’s
instructions and use the
products safely.
prepared by Preksha Mehta
CONSUMER RESPONSIBILITIES
➢ Read the labels
carefully.
➢ Assert yourself to
ensure that you get a
fair deal.
➢ Be honest in your
dealings.
prepared by Preksha Mehta
CONSUMER RESPONSIBILITIES
➢ Ask for a cash memo on
purchase of goods or services.
➢ File a complaint in an
appropriate consumer forum in
a case of a shortcoming in the
quality of goods purchased or
services availed.
➢ Form consumer societies which
would play an active part in
educating consumers and
safeguarding their interests.
➢ Respect the environment.
prepared by Preksha Mehta
REDRESSAL AGENCIES
For the redressal of consumer
grievances, the Consumer
Protection Act provides for
setting up three-tier
machinery at the District,
State, and the National
levels.
1. District Forum
2. State Commission
3. National Commission
prepared by Preksha Mehta
REDRESSAL AGENCIES
District Forum
➢ A complaint can made when
the value of the goods or
services does not exceed Rs
20 lakhs.
➢ If the aggrieved party is not
satisfied with the order, he
can appeal before the State
Commission within 30 days
of the passing of the order.
prepared by Preksha Mehta
REDRESSAL AGENCIES
State Commission
➢ A complaint can made when
the value of the goods or
services exceeds Rs. 20
lakhs but does not exceed
Rs. 1 crore.
➢ If the aggrieved party is not
satisfied with the order, he
can appeal before the
National Commission within
30 days of the passing of
the order.
prepared by Preksha Mehta
REDRESSAL AGENCIES
National Commission
➢ A complaint can made when
the value of the goods or
services exceeds Rs. 1 crore.
➢ If the aggrieved party is not
satisfied with the order, he
can appeal before the
Supreme Court.
prepared by Preksha Mehta
RELIEFS AVAILABLE TO A CONSUMER
• To remove the defect in goods
or deficiency in service.
• To replace the defective
product.
• To refund the price paid for the
product or service.
• To pay a reasonable amount of
compensation.
• To pay punitive damages in
appropriate circumstances.
• To discontinue the unfair trade
practice.
• Not to offer hazardous goods
for sale.
• To withdraw the hazardous
goods from sale.
prepared by Preksha Mehta
RELIEFS AVAILABLE TO A CONSUMER
• To cease manufacture of
hazardous goods and to desist
from offering hazardous
services.
• To pay any amount (not less
than 5% of the value of the
defective goods or deficient
services provided), to be
credited to the Consumer
Welfare Fund or any other
organisation/person.
• To issue corrective
advertisement to neutralise the
effect of a misleading
advertisement.
• To pay adequate costs to the
appropriate party.
prepared by Preksha Mehta
ROLE OF CONSUMER ORGANISATIONSAND
NGOS IN PROMOTING CONSUMER PROTECTION
1. Educating the general public about
consumer rights.
2. Educating consumers through
various publications.
3. Conducting comparative testing of
consumer products.
4. Encouraging consumers to strongly
protest wherever necessary.
5. Filing complaints on behalf of the
consumers.
6. Providing legal help to consumers
in seeking legal remedy.
7. Being proactive in filing cases in
consumer courts in the interest of
the general public.
prepared by Preksha Mehta
Thank You
click here or visit https://businessstudieswizard.blogspot.com
for more resources on Business Studies and Accountancy for
Class XI and XII.
prepared by Preksha Mehta

Consumer Protection

  • 1.
    Consumer Protection Class 12Business Studies prepared by Preksha Mehta
  • 2.
    CONSUMER PROTECTION Consumer protection refersto providing education to consumers about their rights and responsibilities and helping them in getting their grievances redressed. prepared by Preksha Mehta
  • 3.
    IMPORTANCE OF CONSUMERPROTECTION From Consumers’ Point of View 1. Consumer Ignorance 2. Unorganised Consumers 3. Widespread Exploitation of Consumers prepared by Preksha Mehta
  • 4.
    IMPORTANCE OF CONSUMERPROTECTION From Businessman’sPoint of View 1. Long-term Interest of Business 2. Business uses society’s resources 3. Social Responsibility 4. Moral Justification 5. Government Intervention prepared by Preksha Mehta
  • 5.
    WAYS AND MEANSOF CONSUMER PROTECTION ➢Self-Regulation by business ➢ Business Associations ➢Consumer Awareness ➢Consumer Organisations ➢ Government prepared by Preksha Mehta
  • 6.
    CONSUMER RIGHTS 1. Rightto Safety:The consumer has a right to be protected againstgoods and services which are harmful to life and health. 2. Right to Choose:The consumer has the freedom to choose from a variety of products at competitive prices. 3. Right to be Informed:The consumer has a right to have complete information about the product he intends to buy including its ingredients, date of manufacture, price, quantity, directions for use, etc. prepared by Preksha Mehta
  • 7.
    CONSUMER RIGHTS 4. Rightto be Heard: The consumer has a right to file a complaint in case of dissatisfaction with a good or a service. 5. Right to SeekRedressal:The consumer has a right to get reliefs in case the product or service falls short of his/her expectations. 6. Right to Consumer Education: The consumer has a right to acquire knowledge and to be a well-informed consumer throughout life. He should be aware about his rights and the reliefs available to him. prepared by Preksha Mehta
  • 8.
    CONSUMER RESPONSIBILITIES ➢ Beaware about various goods and services available in the market. ➢ Buy only standardised goods and check for standardisation marks. ➢ Learn about the risks associated with products and services, follow manufacturer’s instructions and use the products safely. prepared by Preksha Mehta
  • 9.
    CONSUMER RESPONSIBILITIES ➢ Readthe labels carefully. ➢ Assert yourself to ensure that you get a fair deal. ➢ Be honest in your dealings. prepared by Preksha Mehta
  • 10.
    CONSUMER RESPONSIBILITIES ➢ Askfor a cash memo on purchase of goods or services. ➢ File a complaint in an appropriate consumer forum in a case of a shortcoming in the quality of goods purchased or services availed. ➢ Form consumer societies which would play an active part in educating consumers and safeguarding their interests. ➢ Respect the environment. prepared by Preksha Mehta
  • 11.
    REDRESSAL AGENCIES For theredressal of consumer grievances, the Consumer Protection Act provides for setting up three-tier machinery at the District, State, and the National levels. 1. District Forum 2. State Commission 3. National Commission prepared by Preksha Mehta
  • 12.
    REDRESSAL AGENCIES District Forum ➢A complaint can made when the value of the goods or services does not exceed Rs 20 lakhs. ➢ If the aggrieved party is not satisfied with the order, he can appeal before the State Commission within 30 days of the passing of the order. prepared by Preksha Mehta
  • 13.
    REDRESSAL AGENCIES State Commission ➢A complaint can made when the value of the goods or services exceeds Rs. 20 lakhs but does not exceed Rs. 1 crore. ➢ If the aggrieved party is not satisfied with the order, he can appeal before the National Commission within 30 days of the passing of the order. prepared by Preksha Mehta
  • 14.
    REDRESSAL AGENCIES National Commission ➢A complaint can made when the value of the goods or services exceeds Rs. 1 crore. ➢ If the aggrieved party is not satisfied with the order, he can appeal before the Supreme Court. prepared by Preksha Mehta
  • 15.
    RELIEFS AVAILABLE TOA CONSUMER • To remove the defect in goods or deficiency in service. • To replace the defective product. • To refund the price paid for the product or service. • To pay a reasonable amount of compensation. • To pay punitive damages in appropriate circumstances. • To discontinue the unfair trade practice. • Not to offer hazardous goods for sale. • To withdraw the hazardous goods from sale. prepared by Preksha Mehta
  • 16.
    RELIEFS AVAILABLE TOA CONSUMER • To cease manufacture of hazardous goods and to desist from offering hazardous services. • To pay any amount (not less than 5% of the value of the defective goods or deficient services provided), to be credited to the Consumer Welfare Fund or any other organisation/person. • To issue corrective advertisement to neutralise the effect of a misleading advertisement. • To pay adequate costs to the appropriate party. prepared by Preksha Mehta
  • 17.
    ROLE OF CONSUMERORGANISATIONSAND NGOS IN PROMOTING CONSUMER PROTECTION 1. Educating the general public about consumer rights. 2. Educating consumers through various publications. 3. Conducting comparative testing of consumer products. 4. Encouraging consumers to strongly protest wherever necessary. 5. Filing complaints on behalf of the consumers. 6. Providing legal help to consumers in seeking legal remedy. 7. Being proactive in filing cases in consumer courts in the interest of the general public. prepared by Preksha Mehta
  • 18.
    Thank You click hereor visit https://businessstudieswizard.blogspot.com for more resources on Business Studies and Accountancy for Class XI and XII. prepared by Preksha Mehta