Question

'Consumer can protect themselves from being exploited.

‘Explain by giving four points.​

Answer 1

Question ↘️

'Consumer can protect themselves from being exploited.'

‘Explain by giving four points.'

Answer ↘️

Consumer protection plays an important role for businesses in the following ways:

(i) Long-term interest of business: It is in the long-term interest of business to satisfy their customers. Satisfied customers not only leads to repeated sales, but also helps in increasing the customer base.

(ii) Social responsibility: It is the social responsibility of every business to take care of the interest and protection of its consumers.

(iii) Moral justification: It is the moral duty of any business to take care of consumer’s interest and avoid any form of their exploitation.

(iv) Government intervention: A business engaged in any form of exploitation would invite government intervention or action.

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Hope I am clear.

Warm Regards.

STARK1TONY.

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Answer 2

1.Right to Safety:- The consumers have the right to be protected against marketing of goods and services which are hazardous to life and property. 2.Right to Seek Redressal :-Consumers have the right to get their claims settled in their favor in case of being cheated and exploited by the producer.

hope it helps