Question

Select the proper option from the options given below and rewrite the complete sentence:

In the modern competitive market, consumer is regarded as the ________.
(a) King
(b) Agency
(c) Superintendent

Answer 1

Correct option-a
In the modern competitive market, consumer is regarded as the king.
Explanation:
In the modern competitive market, the producer always produces goods and services keeping in mind the needs and desires of consumers. Customer satisfaction is the main objective of every organisation. Thus, in modern times, consumer is regarded as the king of the market.