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
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.
Question : The interest of the stakeholders should be well taken care of. Which importance of consumer protection is highlighted in the given statement?
Option 3: Social responsibility
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 : Business make sure that they would not impair public confidence. Which importance of consumer protection is high laided 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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