African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4188

Review

Consumers’ protection and creating consumers’ value

Suzana Salai
  • Suzana Salai
  • Faculty of Economics in Subotica, the University of Novi Sad, Serbia.
  • Google Scholar
Ružica Kovač Žnideršić
  • Ružica Kovač ŽniderÅ¡ić
  • Faculty of Economics in Subotica, the University of Novi Sad, Serbia.
  • Google Scholar
Leonard Salai
  • Leonard Salai
  • Higher School of Professional Studies, Novi Sad, Serbia.
  • Google Scholar


  •  Received: 01 April 2010
  •  Accepted: 13 June 2014
  •  Published: 31 July 2014

Abstract

Customer protection is a complex concept, which encompasses the care and protection of the so-called 'reasonably circumspect consumer'. Through legal, economic, health, safety and numerous other aspects, the modern state uses norms to regulate and control consumer protection. The aim of protecting reasonably circumspect consumers is to protect their health, safety and economic interests in the environment of freely circulating products and services on the efficiently functioning market. Marketing is focussed on consumers and meeting their needs, wishes and preferences. The modern marketing delivers values to consumers. This is achieved through selecting, creating, delivering and communicating values. Whether it is about offline or online marketing, a consumer is an individual (rather than a mass of consumers as in mass marketing) whose privacy must be respected. It is then that marketing serves the purpose of consumer protection.

 

Key words: Consumer protection, consumer self-protection, consumer rights, consumer value, consumer privacy, marketing.