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.
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 : 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 : 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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