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In modern competitive market consumer is regarded as _________. - Organisation of Commerce and Management

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In modern competitive market consumer is regarded as _________.

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Solution

In modern competitive market, consumer is regarded as King of Merket.

Explanation:

Consumer, being the king of the market, has many responsibilities. These include being aware of the availability of goods and services, looking for certification marks and asking for cash memos to safeguard himself/herself from being exploited.

Concept: Need and Importance of Consumer Protection
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