The seven sins of the marketplace
October 15, 2009 by Jennifer Chait
Filed under Shopping Issues
CBC TV has a long running show on air called Marketplace, a show that aims to, “Weed out wrongdoing against consumers, and puts pressure on people in power to set things right.” The show is usually pretty darn good offering advice on everything from how not to buy a puppy to how sweepstakes can cost you to new home nightmares and more. However, one episode not to miss is how not to fall prey to the seven sins of the marketplace.
7. Sin of Addition – companies adding on “must haves” when you just need or want to buy one item.- 6. Sin of Omission – why extra long and expensive contracts are often bunk.
- 5. Sin of Creation – companies creating a fake need for a product.
- 4. Sin of Salvation – cures that aren’t so much a cure.
- 3. Sin of Assurance – false or misleading claims used to sell products.
- 2. Sin of Persuasion – praying on consumer fear to sell products.
- 1. Sin of Deception – companies that are just plain scams.
This is a must see episode that can help you to be a smarter consumer, avoid scams, and spend less money. Watch how not to fall prey to the seven sins of the marketplace.
[image via Marketplace]
