Business firms should aim at long-term profit maximization through customer satisfaction.
Why?
Answers
Explanation:
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A complaint can be made to the appropriate state commission when the value of the goods and services, along with compensation claim exceeds Rs.20 lakhs but does not exceed Rs 1 crore. The appeals against the orders of a District Forum can also be filed before the state commission.
Answer:
business can not survive without paying attention on protecting the consumers interest and adequately satisfying them. This is important because of the following reasons
Explanation:
feedback to prospective customers and thus help in increasing the customer base of business. Business organisation uses resources which belong to the society, thus they have a responsibility to supply such products and render such services which are in public interest.