Question

How would you inform a customer of a decision and what information would you include? Discuss in 100–120 words.

Answer 1

Information is deciding factor for consumers when making choices and it affect consumer interest and their confidence in the product and services circulating within market.

Transparent information about the terms and conditions associated with the product or services are very important for consumers hence we should include regulatory requirement to redress the consumer related grievances.complete information will level the information asymmetries improve consumer decision making.We should enclosed competitive policy.this will enable to give information regarding product quality and other specification.this will also includes planned,tactical and important business related decision.