Question:
State any four points of importance of consumer protection from the point of view of business.
State any four points of importance of consumer protection from the point of view of business.
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Protecting consumers is not just ethical — it’s a smart strategy for sustainable business growth.
Updated On: Jun 22, 2025
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Solution and Explanation
- Long-term interest of business: Consumer satisfaction builds brand loyalty and long-term success.
- Moral justification: It is the moral duty of business to protect consumers from exploitation.
- Government intervention prevention: Businesses following ethical practices reduce legal risks and government interference.
- Competitive advantage: Customer-focused companies gain a better market reputation.
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