CUET Business Studies 2024
Business Studies
Consumer Protection
Medium
Identify the importance of consumer protection discussed in the following lines - 'Business organisations make money by selling goods and providing services to consumers. Thus, consumers form an important group among the many stakeholders of business and like other stakeholders, their interest has to be well taken care of.'
Identify the importance of consumer protection discussed in the following lines - 'Business organisations make money by selling goods and providing services to consumers. Thus, consumers form an important group among the many stakeholders of business and like other stakeholders, their interest has to be well taken care of.'
Correct Option: 3
- Moral justification → Ethical reasons for fairness.
- Business uses society's resources → Companies rely on community resources.
- Social responsibility → Duty to protect consumer interests.
- Long-term interest of business → Sustained success through consumer trust.
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CUET Business Studies 2024
CUET Business Studies 2024