Is the Consumer really the King in India?

Yes, I do agree with the topic that consumer are reality the king in India.

As we all know that India is now getting more and more progress that other country and the main logic is that they produce such kind of product that fulfill the consumer needs and they only depend on the selling of product on the basis of consumer satisfactory.

The main funda of business or the company is that they think on behalf of consumer because all the product that is in the market is only for the consumer if consumer not getting satisfaction than there is no need of production of such goods.

Absolutely truth.

Customers are really king in our Indian economy.

I just want to say a simple rules - any company produce service or product for getting profit. Then customers buy of it as per their requirements/needs. If they are satisfie, then again purchase will be happen. On a this way companies are getting or earning more revenue and also this way companies are sustain in a market.

Understand one thing - why companies are recruiting more marketing people and sales person than other designations ? Because revenue comes to sale the products to customers.

A example like Tata Nano car. They are fail to understand customers needs and choice. So customers didn't buy this then Nano car project facing losses.

Yes, the consumer is really the king of India because the producer has to produce the product according to the requirements of the consumer.

According to my opinion.

The consumer is considered as king as he\she creates the demand for products and buying the factor of the market, he\she is the factor in which the market functions and without the participation of the customers the market has no purpose and does not have anyone to sell.

Yes, consumer is a king of market because without consumer no one buy the products manufacture by the producers.

Is the Consumer really the King in India?

Hi to all,

Without consumer there is no business. Directly or Indirectly everyone is a seller and buyer.

Earlier in history before money comes there was a system called Barter system which means exchanging goods against goods. At that time no one was king. But in this modern world taking money from consumers is not so easy why because nowadays consumers started analyzing the market, they also started researching on the products. Even from one rupee chocolate to million rupee product. Many of the products which has not satisfied the consumers became out of market.

If they are not satisfied the products will not be stable in the market. So consumers are real kings.

Hai,

According to my view consumer are just manipulated as king, in reality they are just cheated. Any way the taste and preference only drives market but the advertising methodology is very high and fake now-a-days.

Though in service sector the smooth relationship towards the customer plays major role, but somehow the people gets attracted through the offers which are really not viable and pays whatever they charge. Hence the consumer must think laterally before purchasing anything.

Hence in Indian market consumers are really pretended to be king but actually not.

Hello everyone.

I think the all companies have made customers king because we find many competitors in market and the competition has made them king of the market. The numbers of products are available in market and they have a choice and this is the main point that made customer king.

Hello all,

I am Yash. India, country having world's second largest population. Hence it is very logical to say that targeted market my companies will also be large. And we also know that there are many companies in a same genre to cater to such a huge population. With many companies to choose from market becomes the decision maker in terms of price. Hence we all can agree to a point that consumer has a significant role in deciding price levels.

I would like to state a recent example of Nestle Maggi, the total business of Nestle India was struck with the event of higher levels of MSG found in Maggi. Share prices dropped by nearly 20%, the stock from retail stores were called back. This have been possible because of the consumer support. The regulators in India are were strong because of democratic Indian consumers.

Consider an incident where a consumer is cheated by company. Let us see the situation from a consumer perspective, he can definitely go to consumer forum and lodge a complaint against retailer. He can use different social sites like Facebook, Twitter and show people the fraud made by retailer/company. With the advent of Right To Information and similar act consumer now has more power than before.

We all have heard the saying, "Boond Boond se ghada bharta hain", makes consumer the King in India.

Hello, friends. According to me, the consumer is not the real king. They only have very little income in which they can't even afford to send their children to English medium. The suppliers are the main benefiter. And the brand of the product is the most profitable section. The consumers are only the medium.