Wednesday 23 May 2018

Consumer Protection

Consumer Protection: It is any activity to safeguard the consumer from exploitation by businesses.
Importance: It prevents the sale of unsafe goods,adulteration and hoarding, excessive prices, sale of inferior quality goods. It creates awareness among consumers about rights abpnd responsibilities and encourages them to take action against businesses who have defaulted. It provides platform to consumers to voice their complaints so that just practices are laid out in businesses. It educates consumers about unfair trade practices. It improves the image of hinest businessmen and aims at establishing an honest society. Businesses can know consumer comments about their commodities as there is a link between them and consumers due to consumer protection programmes. It aims at uniting consumers and providing quality products at the right prices.
Actions that seller can take when faulty goods are returned by buyer: He should check the goods and see where the fault lies. He should try to solve it. If it is not repairable, then he can issuecredit note to buyer. He can refund the money paid or replace faulty goods with fit for purpose goods. He needs to contact his supplier so that no more faulty goods are received.
Actions that buyer can take when he receives faulty goods from seller: He can return it. He can contact the supplier and share the problem with him. He can contact a trusted friend andsee whether the problem can be solved. He can ask for a refund.
How to make a successful complaint?
Communicate with the supplier and clearly present the problem to him. Provide all details of the transaction as an evidence that the transaction took place and payment was made. State the problem and what action you want the seller to take to restore the problem. Call via telephone and talk directly. Clearly hear the response of the seller and the tone used. Meet the seller if required. Go with a friend so that you have a witness. Write letter or emails so the seller can have uour complaint jn writing. If seller does not respond after one letter, send another letter. Show copy of the documents of transaction and notthe original version.
Consumer rights:
The right to be informed. They have the right to know all details about products that are available in the market. The right to a healthy environment and safe products. Goods must not harm the natural environment or affect the personal health of consumer. Products should be environment friendly. The right yo be heard, represented and receive compensation for faulty goods or unsatisfactory services. Producer should listen to consumer feedback and prepare best quality products. They should be provided alternatives or refund when they complaining against faulty goods that they paid for.
The right yo choose. There are various products from many different companies and manufacturers that are availablefpr consumers to buy.They can buy anyone of the goods they have in the market. They should buy that which they consider best according to price and quality. Ina competitive commercial environment,high quality products should be made available by retailers at competitive prices.  

Tuesday 22 May 2018

Location of Business


  • For a primary producer, it is important to be located close to markets. He needs to be located in an area with competition as this will attract people. Power supply needs to uninterrupted and there needs to be an adequate amount of raw materials and reliable supply to ensure that production does not stop. Being near to suppliers is not important. It is important to know land and planning rules. There needs to labour supply with required skill. It needs to ahve good communication with manufacturers. Transport facilities are very important as goods need to be moved quickly to market and raw materials needs to be supplied quickly. Government incentives will also affect location. It needs to be in a secure area to prevent theft. It does not need to be accessible to people. Personal factors are also not important. Industrial inertia is important.
  • For a wholesaler, closeness to markets is very important. It needs to be located where there is competition. It does not rely in power supply or raw materials. It needs to be loacted close to suppliers. It needs to know about land and planning rules. There must be labour available to work in the warehouse. It needs good communication to contact buyers. Transport facilities are very important consideration. Government is unlikely to affect its location. It needs to be located in a secure area. It is not important to be accesible. Industrial inertia is not important. It may locate where it finds personal pleasure.

Thursday 17 May 2018

Post Offices


  • Maldives provides postal services like post offices. Letter post is provided for sending documents. Parcel post is available for sending goods.Airmail is available to send to domestic and international.Poste restanate facilitues are provided for people who have no permanent house. Express mail is provided by EMS. Registered post is used to send documents when it is neccesary to know whether they have been delivered. Private boxes are also available for hiring and temporary usage
  • Letter post will be used to send a complaint to a retailer. Goods may be faulty. Retailer may send statement of account to customers. This provides summary of transactions with customers in a trading period. Letters for job interviews will also be sent by letter post. A comapny may be expanding and thus needing to employ more people.