Consumer protection helps businesses develop long-term interests in the market.

False

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True

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Enumerate the various Acts passed by the Government of India which help in the protection of consumers’ interests.

Explain the following four points of importance of consumer protection from the point of view of business.

(i) Long-term interests of business

(ii) Business uses society's resources

(iii) Social responsiblities

(iv) Moral or ethical justification

How does self-regulation by business persons help in consumer protection?

___ helps a business decide to follow ethical standards and consumer protection law at the production stage itself.

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