Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is a reason for the importance of consumer protection from the consumers' point of view?
What is a reason for the importance of consumer protection from the consumers' point of view?
- Advocating for unorganised consumers in India
- Ensuring businesses operate in the society's best interests
- Encouraging repeat purchases to expand the company's customer base
- Protecting consumers from exploitative practices due to their unawareness of rights and remedies (correct)
What is a factor contributing to the need for consumer protection from the business point of view?
What is a factor contributing to the need for consumer protection from the business point of view?
- Utilization of societal resources by businesses
- Long-term business interests in keeping customers happy (correct)
- Social duties of a business towards stakeholders
- Government intervention against unfair commercial practices
Why are consumers in India mentioned as unorganised in the text?
Why are consumers in India mentioned as unorganised in the text?
- Because businesses exploit them on a huge scale
- The utilisation of societal resources by businesses
- Their unawareness of their rights and remedies
- Due to the lack of consumer organisations advocating for them (correct)
How does the text suggest that businesses impact societal resources?
How does the text suggest that businesses impact societal resources?
Signup and view all the answers
What is highlighted as a consequence for businesses engaging in unfair commercial practices?
What is highlighted as a consequence for businesses engaging in unfair commercial practices?
Signup and view all the answers
