Question:
Explain the importance of Consumer Protection.
Explain the importance of Consumer Protection.
Show Hint
Consumer protection promotes ethical business practices.
Updated On: Feb 18, 2026
Hide Solution
Verified By Collegedunia
Solution and Explanation
Consumer protection is important to safeguard buyers from exploitation, ensure availability of quality goods, promote fair trade practices, and maintain confidence in the market system. It also compels businesses to act responsibly.
Was this answer helpful?
0
0
Top Questions on Consumer Protection
- As a Marketing Manager, list out any four characteristics you keep in mind while choosing a good brand name.
- KSEAB Class XII - 2026
- Business Studies
- Consumer Protection
- State any two importance of Controlling.
- KSEAB Class XII - 2026
- Business Studies
- Consumer Protection
- Paraga company decided to raise 40% of funds through debentures. Which financial decision is it?
- KSEAB Class XII - 2026
- Business Studies
- Consumer Protection
- State whether the following are True or False:
(a) A quotation letter seeks information about the availability of products with the seller.
(b) Food Safety and Standards Authority of India (FSSAI) collects and collates data on contamination of water.
(c) Laid off employees cannot be reappointed in the same firm even when its business conditions improve.
(d) Trade blocks such as increase in tariffs restrict globalisation of industries.
- ICSE Class XII - 2026
- Business Studies
- Consumer Protection
- Consumer protection is a necessity in today’s business environment. Justify the statement by giving any four reasons.
- ICSE Class XII - 2026
- Commerce
- Consumer Protection
View More Questions
Questions Asked in MPBSE Class XII Board exam
- Describe any two positive effects of globalization.
- MPBSE Class XII Board - 2026
- Globalisation
- Write that industrialization refers to the mechanization of production.
- MPBSE Class XII Board - 2026
- Industrialisation and Social Change
- Write the meaning of minority class.
- MPBSE Class XII Board - 2026
- Social Structure
- Write what is the role of separation and hierarchy in the caste system.
- MPBSE Class XII Board - 2026
- The Caste System
- Write what is the role of separation and hierarchy in the caste system.
- MPBSE Class XII Board - 2026
- The Caste System
View More Questions