state how does self regulation by Business act as a means of consumer protection
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State how self regulation by business acts as a means of consumer protection. (i) Establishing ethical standards and practices in dealing with their consumers. (ii) Setting up their customer service and grievance cells to redress the problems and grievances of their consumers.
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Answer: (i) Establishing ethical standards and practices in dealing with their consumers. (ii) Setting up their customer service and grievance cells to redress the problems and grievances of their consumers.
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