Question

Identify the consumers' expectations while purchasing goods:
A. Reasonable price
B. Quality products
C. Spurious product
D. Correct weights and measures
Choose the correct answer from the options given below:

• A. A, B, C, and D
• B. A, B, and D only
• C. A, C, and D only
• D. B, C, and D only

Hint:

Consumers expect fair price, quality, and accurate weights.
Spurious products are a consumer problem, not an expectation! Eliminate option C immediately.

Answer 1

The Correct Option is B

Concept:
Consumers enter the marketplace with legitimate expectations regarding the value, utility, and safety of goods and services.
Fulfilling these expectations is essential for fair trade and market welfare.

Step 1: Evaluating Legitimate Consumer Expectations:
- Reasonable Price (A): Consumers expect prices that reflect genuine product value without unfair markups, artificial inflation, or hoarding.
- Quality Products (B): Consumers expect durable, unadulterated, and reliable goods meeting recognized safety and performance standards.
- Correct Weights and Measures (D): Consumers expect accurate quantities as indicated on the label without short-weighing or defective packaging.

Step 2: Evaluating the Undesirable Option (C):
A “spurious product” is a counterfeit or fake imitation that violates trademark laws and defrauds consumers.
No consumer expects or desires spurious goods; this is a marketplace malady that consumer laws aim to eradicate.

Step 3: Synthesizing the Selection:
Only statements A, B, and D reflect positive and genuine expectations of consumers.
Final Answer:
Therefore, the correct answer is (B) A, B, and D only.