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Questions and Answers
Which of the following best describes consumer protection?
Which of the following best describes consumer protection?
- A product designed to improve consumer satisfaction
- A financial plan to help consumers save money
- A set of laws and regulations that protect consumers from unfair business practices (correct)
- A marketing strategy used by companies to attract more customers
What is the main purpose of consumer protection?
What is the main purpose of consumer protection?
- To ensure that consumers always get the lowest prices
- To encourage consumers to spend more money
- To guarantee that businesses make a profit
- To protect consumers from deceptive or harmful practices (correct)
Why is consumer protection important?
Why is consumer protection important?
- To limit consumer choices
- To increase the cost of products and services
- To give businesses an advantage over their competitors
- To promote fair and ethical business practices (correct)
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