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?
Option 1: Long term interest of buisness
Option 2: Business uses society resources
Option 3: Social responsibility
Option 4: Moral justification
Correct Answer: Business uses society resources
Solution : Business makes use of various resources which belong to the society. Businessman are not the owners but maybe the trustees of such resources. So it is their responsibility to supply such products and render such services which are in public interest.
Hence, option B is correct.
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 : Government is actively involved in the protection of consumer rights. Which importance of consumer protection is highlighted in the given statement?
Option 3: Government intervention
Question : The interest of the stakeholders should be well taken care of. Which importance of consumer protection is highlighted in the given statement?
Question : Business firms today at long term profit maximization through customer satisfaction.sellers.Which importance of consumer protection is highlighted in the given statement?
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