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Explain the role of business in consumer protection. - Commerce

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प्रश्न

Explain the role of business in consumer protection.

दीर्घउत्तर

उत्तर

Business enterprises should do the following towards protecting consumers.

  1. Avoidance of Price Hike: Business enterprises should desist from hiking the price in the context of an acute shortage of goods.
  2. Avoidance of Hoarding: Business enterprises should not indulge in hoarding and black marketing to earn maximum profit.
  3. Guarantees for Good Quality: Business enterprises should not give false warranty for the products.
  4. Product Information: Business enterprises should disclose correct, complete, and accurate information about the product viz. size, quality, quantity, weight, etc.
  5. The in advertising: Business enterprises should not convey false, untrue, bogus information relating to the product through the advertisement.
  6. Money Refund Guarantee: Where the product becomes defective, business enterprises should replace it with a new one or refund the purchase price.
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Need for Consumer Protection
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 16: Consumerism - Exercise [पृष्ठ १३९]

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सामाचीर कलवी Commerce [English] Class 12 TN Board
पाठ 16 Consumerism
Exercise | Q IV. 2. | पृष्ठ १३९
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