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
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.
Question : It is the moral duty of business to take care of consumers interest. Which importance of consumer protection is highlighted in the given statement?
Question : The interest of the stakeholders should be well taken care of. Which importance of consumer protection is highlighted in the given statement?
Question : Government is actively involved in the protection of consumer rights. Which importance of consumer protection is highlighted in the given statement?
Question : It is businessmen responsibility to supply such products and renders such services which are in public interest. Which importance of consumer protection is highly in the given statement?
Question : Business make sure that they would not impair public confidence. Which importance of consumer protection is high laided in the given statement?
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