Multiple Choice Questions on What is the primary focus of consumer self regulation by businesses according to the information sha........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

What is the primary focus of consumer self regulation by businesses according to the information sha...........

Business Studies (CUET) CONSUMER PROTECTION
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    What is the primary focus of consumer self-regulation by businesses, according to the information shared?
    Encouraging unethical practices.Incorrect Answer
    Following ethical standards and practices.Correct Answer
    Maximizing short-term profits regardless of impact.Incorrect Answer
    Ignoring consumer complaints.Incorrect Answer
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    Explanation:

    Self-regulation by businesses focuses on following ethical standards and practices, realizing that serving customers rightly is in their long-term interest.

    By: Parveen Bansal
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