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In the Modern Competitive Market, Consumer is Regarded as ..................... . - Organisation of Commerce and Management

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MCQ

 In the modern competitive market, consumer is regarded as ..................... 

Options

  • (a) king

  • (b) servant

  • (c) slave

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Solution

In the modern competitive market, consumer is regarded as king.
Consumer is referred as the king of the market and 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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