Question : Business firms today at long term profit maximization through customer satisfaction.sellers.Which importance of consumer protection is highlighted in the given statement?
Option 1: Long term interest of buisness
Option 2: Business uses society resources
Option 3: Social responsibility
Option 4: Moral justification
Answer (1)
16th Jan, 2024
Correct Answer: Long term interest of buisness
Solution : In this highly competitive world enlighted business firms have realise that they can exist in long run only when they satisfy the consumers.
Hence, option A is correct.
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