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State with Reasons Whether the Following Statements Are True Or False. Consumer, Being the King of the Market, Does Not Have Any Responsibilities. - Organisation of Commerce and Management

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Question

State with reasons whether the following statement True or False.
Consumer, being the king of the market, does not have any responsibilities.

Options

  • True 

  • False 

MCQ
True or False
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Solution

Consumer, being the king of the market, does not have any responsibilities. - False
Explanation:
The consumer does have some 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.

shaalaa.com
Consumer Awareness
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Chapter 5: Consumer Protection - True or False [Page 138]
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