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Question
Which is the supreme objective of a business?
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Solution
The modem marketing concept recognizes that the consumer is the pivotal point around which the business moves. Satisfaction of consumer needs/requirements is stated to be the supreme objective of a business.
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RELATED QUESTIONS
Study the following case/situation and express your opinion.
Mr. Ashok visited a shop to buy a pair of shoes for Rs. 700. The salesman forced him to buy a pair of bigger size shoes of the ordinary company by claiming this size would be suitable to him. After reaching home, he discovered that shoes are still too big for him. He complained about the shoes to the shopkeeper. It was denied by the shopkeeper to replace the shoes despite the availability of stock.
In the above case,
- Which right has been violated?
- Is Ashok a buyer or end user?
- Where can Mr. Ashok file his complaint?
The final aim of modern marketing is ______.
Explain the rights of the consumers.
Which of the following is the most suited statement related to the right to seek redressal?
Which of the following is not an organisation working for consumer protection?
Which consumer right allows the consumer to register his/her dissatisfaction at appropriate forums?
The Right to Safety provides protection from goods and services that can harm:
Promoting the sale of goods or services by falsely representing their quality, standard, quantity, etc., is known as:
'Defect' relates to goods, whereas 'deficiency' relates to:
A consumer who suffered a loss due to an unfair trade practice received a replacement and compensation. Which consumer right was fulfilled?
