Question : The interest of the stakeholders should be well taken care of. 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:
Social responsibility
Solution : A business has social responsibilities towards various interest groups. Stakeholders from an important group among the many stakeholders and like others stakeholders their interest needs to be well taken care of.
Hence, option C is correct.