Consumers have, more than likely, heard some common business terms that refer to unscrupulous practices within a
certain industry. These terms are used to designate practices where a business takes advantage of the consumer by convincing the consumer to purchase their product for a set price and then adding hidden fees. Furthermore, they did this by presenting a once in a lifetime offer that the consumer just couldn’t resist because the price was supposedly within their budget.
When the consumer received the bill, they did not pay what the company had told them that they were going to pay. The hidden fees make the total price astronomical. Essentially, a business that uses these types of techniques misleads the consumer on price, quality, and value of a service or product. In this article, we will discuss some of these practices and what you can do to beware of them.