Explain the role of business in consumer protection.

1.	Explain the role of business in consumer protection.
Answer» 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 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 new one or refund the purchase price.

Answer»

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 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 new one or refund the purchase price.

Explain the role of business in consumer protection.

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