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?
Option 1: Long term interest of buisness
Option 2: Business uses society resources
Option 3: Social responsibility
Option 4: Moral justification
Answer (1)
8th Jan, 2024
Correct Answer: Moral justification
Solution :
It is the moral duty of the business to take care of consumer interest and avoid any form of their exploitation. A business must avoid unfair trade practices like defective and safe products,etc.
Hence, option D is correct.
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