Consumer
Budget concious
(Characteristics) a wise consumer is not an impulsive buyer. Weighing things before buying, always waiting for sales.
Avoids panic buying
(Characteristics) a wiser consumer does not let himself be affected by artificial shortage because hoarders want only a high price
Alert
(Characteristics) being vigilant, and should always monitor and observe the actions of the sellers.
Reasonable
(Characteristics) the consumer always takes into consideration the price and quantity of the product, considering where and when they will be able to have enough products of quality at a lesser price.
Analytical
(Characteristics) the consumer patiently examines the parts of the products she/he intend to buy.
Not affected by advertisements
(Characteristics) the endorsement of a product by a celebrity has no effect to a wise consumer the price and quality of the product are the selling points to a wise consumer, not how and who advertised it.
Right to proper information
(RIGHTS) Every consumer must have the knowledge and information about the products so that advertisement will not deceive them.
Right to choose
(Rights) All consumers can choose the products they like to buy.
Right to security
(Rights) Consumer must be properly informed regarding the present condition of the commodities in the market.
Right to have basic needs
(Rights) In order to meet all the basic needs, the supply of the products must be ensured and the price should be right.
Occasion
Birthdays, anniversaries, Graduation day, Christmas, bla bla bla. These makes people buy and give gifts to their loved ones increasing the sales rate of entrepreneurs.
Right to organize
Consumers can organize and form their own group who will assist and help them in their predicament.
Department of Agriculture
DA Acronym definition
Department of Energy
DOE Acronym definition
Department of Health
DOH Acronym definition
Department of Trade and Industry
DTI Acronym definition
Department of Education
DepED Acronym definition
Seasons
It affects our consumption since some things are bought depending on the weather.
Local Government Units
LGUs Acronym definition
Values
Our own attitudes, behavior, and values affect our consumption.
Republic Act no.3740 (Law on Advertisement)
The law was enacted to protect consumers from fraudulent sales promotion and deceptive advertisement.
Right to a clean and orderly environment
To ensure the safety of the consumers from illness and any heal hazards, inspection of the market places and health permits are required.
Republic Act No. 71 (Price tag law)
a marking attached to he product which indicates it price.
Republic Act no. 3452 (Establishing the Nation Grains Authority)
an act that established the National Grains Authority, a government agency that has the authority to buy the rice harvested by the farmers and sell it to the FIlipino consumers at a lower price.
Imitation (Bandwagon effect)
as we imitate what other people buy, we consume more on that items as popularized by celebrities and patronized by friend and neighbors
Consumerism
is a movement to educate and help the consumers when buying the products.
Advertisements
is a way of motivating and convincing consumers to patronize certain products.
Income
is the money earned in selling or producing goods and services.
Republic Act No.7581 (Price Act)
it was approved to ensure that the price of the basic commodities is according to the government pricing especially during the period of calamity.
Article 188 (revised penal code) (Law on trademark)
law that penalizes those who will use the brand, container, wrapper of other products.
types of consumption
productive, wasteful, direct, harmful
consumer
refers to a person who purchases and uses the products and services to satisfy his needs.
Article 1546 (Civil code of the Philippines) (Law on sales)
the damage and defects of a product should not be hidden to the consumer.
Prices
the first thing that the consumer does in buying certain products is to look for this.
Republic Act No.6675 (generics act of 1988)
the law promotes, encourages, and requires the use of generic name on importation, manufacture, distribution, advertising, and prescription of drugs.
Article 2187 (Civil code of the Philippines) ( Law on Extra Contractual Obligations)
the producer is liable for any damage/danger to human body, health and life of a consumer as a result of using their products.
Looking for alternative/substitute
there is a time that the products you intend to buy are not available so you will look for the best alternative that will suit your needs and it is also within your budget.
