Lower levels of education and less buying experience mean consumers in developing countries are less likely to need protection.

Question

Quizplus · Accepted Answer

This statement is false. Consumers in developing countries may actually be more vulnerable to exploitation due to their lack of education and experience with purchasing products, services, or financial instruments. They may not know their rights as consumers or be aware of common scams or frauds. Therefore, they may need more protection from government regulations or consumer advocacy groups.

Lower Levels of Education and Less Buying Experience Mean Consumers