Maharashtra State BoardHSC Commerce 12th Board Exam
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Select the Proper Option from the Options Given Below and Rewrite the Complete Sentence: in the Modern Competitive Market, Consumer is Regarded as the ________. - Organisation of Commerce and Management

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ConceptConcept of Consumer Protection

Question

Select the proper option from the options given below and rewrite the complete sentence:
In the modern competitive market, consumer is regarded as the ________.

  • King

  • Agency

  • Superintendent

Solution

In the modern competitive market, consumer is regarded as the king.
Explanation:
In the modern competitive market, the producer always produces goods and services keeping in mind the needs and desires of consumers. Customer satisfaction is the main objective of every organisation. Thus, in modern times, consumer is regarded as the king of the market.

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 Micheal Vaz Solution for Micheal Vaz Class 12 Organisation of Commerce and Management (2019 to Current)
Chapter 5: Consumer Protection
Select the proper option | Q: 2 | Page no. 137
Solution Select the Proper Option from the Options Given Below and Rewrite the Complete Sentence: in the Modern Competitive Market, Consumer is Regarded as the ________. Concept: Concept of Consumer Protection.
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