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
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.
Question : Business firms today at long term profit maximization through customer satisfaction.sellers.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 : Satisfied customers not only bring repeated sales but also add new customers by providing good feedback about the firm.Which importance of consumer protection is highlighted in the given statement?
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