Witryna6 kwi 2024 · Consumer protection is the practice that is initiated for safeguarding the buyers of goods and services, and the public, against the unfair practices in the … Witryna16 sty 2024 · Business Studies Class 12 Notes Financial Markets. 1 Importance of Consumer Protection (from Consumer’s factor of view) Consumers Ignorance: Majority of buyers are now not conscious of their rights and reliefs reachable to them as an end result of which they are exploited. In order to store buyers from exploitation, …

Importance of Consumer Protection Consumer Protection (Part …

WitrynaConsumer must be a Cautious consumer. 3. Consumer must file a complaint in an appropriate forum in case of any shortcoming in product or service availed. 4. Consumer must insist on cash memo to file a complaint. 5. Consumer must be quality conscious. 6. Consumer must exercise his legal right. WitrynaFollowing are the salient features of Consumer Protection Act: (i) Coverage of Items: This Act is applicable on all products and services, until or unless any product or service is especially debarred out of the scope of this Act by Central Government. (ii) Coverage of Sectors: This Act is applicable to all areas whether private, public or cooperative. … iowa city craft shows

Class 12 Consumer Protection - Introduction and Importance of

WitrynaCBSE Class 12 Business Studies Chapter-12 Important Questions. QUESTION 1. Mention when as a consumer you are not able to resolve your grievances under the … WitrynaImportance of consumer protection from the point of view of business: A business must also lay emphasis on protecting the consumers and adequately satisfying them. This is important because of the following reasons: (i) Long-term Interest of Business: Customer is the foundation of business. Satisfied consumers not only bring … Witryna6 lip 2024 · Consumer Complaints are the first step of redressal that the customer takes in the process of consumer protection. Hence this is the most important step that businesses need to handle with extreme care and dexterity. And in the times of the internet consumer complaints and feedback has more power than ever. Consumer … ooh i\\u0027m shaking my heiny