Consumer Protection Act is also important for businesses. Which of the following is NOT true in this regard?
Answer & explanation
Correct answer: option 4
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.