We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Challenges facing consumers in the UK - Essay Example

Comments (0)
Summary
Consumers in the UK are often faced with a number of challenges.The challenges are due to a rise in energy prices,rise in housing,horse meat scandal,and unhealthy competition.Competition is the essence of life but more often,in competition,the market would always want to take advantage of consumers lest the consumers be protected from exploitation…
Download full paper
GRAB THE BEST PAPER
Challenges facing consumers in the UK
Read TextPreview

Extract of sample
Challenges facing consumers in the UK

Download file to see previous pages... Consumers in the UK are often faced with a number of challenges.The challenges are due to a rise in energy prices,rise in housing,horse meat scandal,and unhealthy competition.Competition is the essence of life but more often,in competition,the market would always want to take advantage of consumers lest the consumers be protected from exploitation This is why competition laws are instituted. Competition laws are about applying the law to ensure that there is an healthy competition between companies without interference with each other’s rights (Whish, & Bailey, 2012). The competition laws are also healthy because they protect the customer or consumers from harmful behaviors of ill mannered companies (Monti, 2007). Competition laws are fields of interests because they aid in creating a wide variety of choices for consumers that it widens consumers’ options, it encourages efficiency and enterprise, and it also helps in the reduction of prices and improvement of quality. Housing is a major setback to the citizens of UK. The value of houses is high for the common citizens. However, there are individuals and companies that have come up to set houses for rentals. These have created competition that is bringing competition. Competition helps in pushing for low prices that make goods and services accessible to all. This ensures that virtually everybody can get access to good housing thus an improvement in peoples’ livelihood (Cseres, 2005). ...
For companies to get good market share, they have to ensure that their products are of good quality. This is the one of the ways that a business can gain competitive advantage over their competitors. In this respect, better quality of goods and services could mean that companies would bring products that can last longer or serve their customers in a better way (Kokkoris, & Lianos, 2010). This could also mean better after-sale services, and a general friendly customer service. This would mean that customers are treated with respect and it also mean that customers are treated as ends in themselves but not as mere means of getting profits. Oil companies have been facing a number of challenges further transferring their costs and challenges to the final consumers. Putting competition laws into perspective also ensures that companies offer more choices to the market (Agnew, 1985). This means that companies would come with different options and different unique products which can meet the needs of their target market in an efficient way than the rest of the offers available in the market. Companies strive to meet these demands to command the market while offering better services with reasonable balanced prices (Zimmer, 2012). In order to maintain such standards as to deliver varied choices, a company has to be innovative so as to remain relevant to time and choices (Jones, & Sufrin, 2007). Innovation implies that companies constantly produce better products, their designs have to be improved, and products services and business techniques have to be appealing to the consumers (Henning-Bodewig, 2006). Better competition also helps in training business to remain relevant to the global economy and competitions. ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Challenges Facing Destination Managers at Sydney for thr Infrastructure of the Place
However it is necessary that the tourist location provides its visitors with attractive places to visit, accompanied with proper accommodation and transport facilities, as well as successful integration of the developments in the location into different variations occurring at the destination (Howie, 2003, p.73).
12 Pages(3000 words)Essay
Current Challenges Facing IT & Recommendations
IT has indeed become a remarkable concept in almost all aspects of human life. However, IT also has some shortcomings, which have been portrayed by failure and problems in certain organizations. Information system failure in a hospital is a symbol of IT failure.
4 Pages(1000 words)Essay
Challenges Facing Social Work
The social work occupation endorses social amendments, problem solving in human affairs along with the liberation and empowerment of people to improve well-being (Payne, 2005). Social work occurs at the points where individuals interact with their surroundings.
4 Pages(1000 words)Term Paper
Challenges Facing Young Refugees and Forced Migrants
Refugee movements have significantly increased due to insecurities, war, and natural disasters in attempt to save their lives from danger. The movement of refugees occurs due to certain pressures in the society while the migrations may be due to factors of population distribution.
6 Pages(1500 words)Essay
Issues and challenges encountered by mental health nurses,consumers and their families
Understanding these changes will clarify the issues and challenges confronting psychiatric nursing practice and at the same time will help define the needs of the profession. Basic to understanding psychiatric nursing practice is to define what psychiatric nursing is?
16 Pages(4000 words)Essay
Facing Challenges at Death's Door
The dying person, under natural death, may face associated challenges to the cause of death and fear of the dying process while other people may be suffer because of developed fears by the dying. A caregiver however has a responsibility to manage the involved challenges during the process of dying.
6 Pages(1500 words)Essay
What are the key issues facing Public Service Broadcasting in the UK
the first Director General of BBC, John Reith, in the 1920s, when he had remarked that the creation of PBS was chiefly to “inform, educate and entertain”. PBS, in modern UK, is controlled and regulated by Ofcom, and there are certain necessary obligations that form a part
6 Pages(1500 words)Essay
Challenges facing advocacy in nursing
Nurses must exert their collective influence and make their concerns known to policy makers before they can have a major impact on political and legislative
2 Pages(500 words)Essay
Effects Of Brand Awareness And Website Quality On UK Consumers Perceived Risk And Purchase Intention 03095
The increase in the awareness of the brand generally attracts or influences the customers towards the particular product. Therefore the brand awareness generally
16 Pages(4000 words)Essay
Challenges Facing the East Asia Region
East Asia refers to the region found on the eastern parts of Asia and has major players such as China and Japan, but also includes South Korea, North Korea, Mongolia, Hong Kong as well as Taiwan amongst others (Pempell, 2005). It is one of the regions of the world that has the largest populations as well as the fastest growing economies.
5 Pages(1250 words)Essay
Let us find you another Essay on topic Challenges facing consumers in the UK for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us