Question

As per Consumer Protection Act, 1986, manufacturers are under an obligation to provide all the relevant information like MRP, ingredients, date of manufacturing, quantity, expiry date etc. about the product. Name the dimension of the business environment highlighted in the above para:

Options

• Social environment

• Legal environment

• Political environment

• Economic environment

Answer 1

Legal environment

Explanation:

The Consumer Protection Act, 1986 is a law that protects consumers’ rights and ensures transparency and fairness in trade practices.

In the given case:

• Manufacturers are legally required to mention details such as:
  • MRP (Maximum Retail Price)
  • Ingredients
  • Date of Manufacturing
  • Expiry Date
  • Quantity

This clearly reflects the legal environment, which includes:

• Laws, regulations, and rules businesses must follow.
• Consumer protection laws that ensure fair trade and safeguard consumer interests.