Question : Government is actively involved in the protection of consumer rights. 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: Government intervention
Option 4: Moral justification
Answer (1)
23rd Jan, 2024
Correct Answer: Government intervention
Solution : Any unfair trade practice by business firm would invite government intervention which may hamper image of the business. So business organisations should voluntary involve in such a practices which protect the interest of consumers.
Hence, option C is correct.
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