Importance of Consumer Protection.

1.	Importance of Consumer Protection.
Answer» The list of the functions of consumer protection is wide. The function of consumer protection is not only limited to only spreading awareness regarding consumers’ rights and responsibilities but also solving the complaints of consumers. 1. Importance of Consumer Protection from the view-point of Business: Use of Public Resources and Wealth Social Responsibility A part of the Society, Impression on the Society Consumer Protection is good for Business and Principle of Trusteeship and Consumer Protection. 2. Importance of Consumer Protection from the view-point of Consumer: Extensive Exploitation of Consumers Ignorance of Consumers (Lack of Information with Consumers) and Lack of Unity among Consumers.

Answer»

The list of the functions of consumer protection is wide. The function of consumer protection is not only limited to only spreading awareness regarding consumers’ rights and responsibilities but also solving the complaints of consumers.

1. Importance of Consumer Protection from the view-point of Business:

Use of Public Resources and Wealth
Social Responsibility
A part of the Society,
Impression on the Society
Consumer Protection is good for Business and
Principle of Trusteeship and Consumer Protection.

2. Importance of Consumer Protection from the view-point of Consumer:

Extensive Exploitation of Consumers
Ignorance of Consumers (Lack of Information with Consumers) and
Lack of Unity among Consumers.

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Importance of Consumer Protection.

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