Question

What is the primary purpose of consumer protection?

Options

• To safeguard consumer interests and protect consumers from unethical business practices

• To promote competition among manufacturers of consumer goods

• To increase the sales volume and market share of businesses

• To enable producers to charge higher prices for superior goods

Answer 1

Consumer protection safeguards consumer interests and protects consumers from unethical business practices. It does not focus on boosting business sales or promoting competition; its core aim is defending buyers against exploitation.