Question

Consumers are given
__in
modern concept of Business
O Low importance
O Highest importance
O Zero importance
O No importance​

Answer 1

Answer:

Low importance.........

Answer 2

The correct answer is option (b) Highest Importance.

Explanation:

• Consumers are given Highest Importance in modern concept of Business.
• A consumer is a person or a group who intends to order, orders, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, not directly related to entrepreneurial or business activities.
• In modern days, it is said that the consumer is the king of the market.
• It is an organized and collective movement of consumers. The main object of this movement is to educate and unite consumers and to fight for the protection of their rights.