Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Consumer Protection

Question:

Identify from the following phrase which means "Let the buyer beware"?

Options:

Caveat emptor 

Caveat venditor

Caveat vendor

Consumer emptor 

Correct Answer:

Caveat emptor 

Explanation:

A consumer is said to be a king in a free market economy. The earlier approach of caveat emptor, which means “Let the buyer beware”, has now been changed to caveat venditor (“Let the seller beware”).