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Explain Briefly Any Two Points of Importance of Consumer Protection from the Point of View Of The Business. - Business Studies

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प्रश्न

Answer the following question:
Explain briefly any two points of importance of consumer protection from the point of view of the business.

Answer the following question:
Explain any four points of importance of 'consumer protection' from the point of view of a business.

Answer the following question:
State any three points of importance of consumer protection from the point of view of a business.

थोडक्यात उत्तर
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उत्तर

Consumer protection plays an important role for businesses in the following ways:

  1. Long-Term Interest: For any business, consumer satisfaction is essential. In today's times, with increasing competition, consumer satisfaction has become all the more important. As the organisation takes care of the interests of consumers, it builds goodwill and reputation in the market. This, in turn, helps in increasing the sales and profits of the business. Thus, protecting consumer's interests benefits the business in the long run.
  2. Use of Resources: Any business survives on the basis of society. It uses the resources of society for its various production activities. It earns profits with the sale of these goods and services to society. Thus, the business must take care of the interest of society and supply goods and services which adhere to the overall interests and well-being of society.
  3. Ethical Reasoning: Every business must follow basic moral and ethical values. It must not follow any such business practices which lead to exploitation of consumers in any form
  4. Responsibility towards Society: Any business strives to exist on the basis of society. It sells various goods and services to consumers in society and earns profit. Thus, it is the responsibility of the business to take into consideration and work towards satisfying consumer interests
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2017-2018 (March) All India Set 1

व्हिडिओ ट्यूटोरियलVIEW ALL [4]

संबंधित प्रश्‍न

Write short answer of the following.
State the responsibilities of consumers.


write short note on Consumer Rights


Suman bought a box of cheese of a reputed brand from a local shopkeeper. On opening the box she found a piece of stone in the cheese. She reported the matter to the shopkeeper who forwarded her complaint to the concerned company. Within a week the representative of the company visited Suman's residence with an apology and as a replacement offered her a new cheese pack with four other varieties of cheese as compensation for the inconvenience to her.

State the consumer right which Suman exercised.


Pankaj purchased a car from ‘Abhishek Motors’ for < 50 lakhs. The company offered many attractive gifts to Pankaj like — free insurance for first two years, free pick-up and drop facilities for free servicing up to 20,000 km, etc. But after a few days, Pankaj noticed that the pick-up of the car was not good and there were some problems with the engine. The company serviced the car free of cost but even then Pankaj was not satisfied with its performance. ‘Abhishek Motors’ is not giving him the due response. So he filed a complaint in the State Commission but was not satisfied with its decision also. He was very much disturbed and after two months decided to appeal against it. Can Pankaj appeal against the decision of the State Commission ? Give reason in support of your answer.


Select the proper option from the options given below and rewrite the sentences:

Ultimate goal of business must be the sa tisfaction of ..... ... .. .......... ... .


State Whether the Following Statement Are True Or False (Give Reason)

The consumer protection act was passed in the interest of the consumers.


Under which consumer right does a business firm set up consumer grievance cell?


What are various ways in which the objective of consumer protection can be achieved?


Match the correct pairs.


Consumer Responsibility?


Which of the following Will not be considered as consumers as per Consumer Protection Act, 2019?


State any four features of the Consumer Protection Act, 2019.


What are consumer aids?


A patient suffering from a high fever was hospitalised for a few days. During the treatment, he was given an injection whichcaused a permanent nerve damage resulting in paralysis. The cost of treatment was ₹2,00,000, which was disputed by the patient's family.

The consumer dispute redressal authority can be approached by the patient's family. Explain any three rights to the consumers.


______ is given to products that are biodegradable and have the capacity to be recycled.


State any four responsibilities of a Consumer.


Discuss any four problems faced by consumers while buying products from the market.


Raj brought an immersion rod a few days back which stopped functioning. He went back to the shopkeeper and wanted the item to either be replaced or rectified by the shop. But the shopkeeper refused to entertain Raj’s plea and asked him to leave his shop. 

Which consumer right of Raj was violated? Enumerate any three responsibilities of a consumer in such situations.


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