Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Consumer Protection

Question:
Consumer Protection Act is also important for businesses. Which of the following is true in this regard?
Options:
It is in the long-term interest of business
Business uses society’s resources.
It is a social responsibility of business,
All of the above
Correct Answer:
All of the above
Explanation:
Consumer Protection is also important for a business because (i) It is in the long-term interest of business, (ii) Business uses society’s resources, (iii) It is a social responsibility of business, (iv) It has moral justification, (v) It avoids government intervention in the functioning of business.