MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Importance of Consumer Protection for Consumers

Write a word ...

Question

Write a word or phrase or a term which can substitute each one of the following.

Running efficient business is the responsibility of business towards this group.

Open in App

Solution

Running efficient business is the responsibility of business towards this group- Owner

Explanation:

It is the ethical responsibility of a business organisation towards its owners to run the business efficiently. Organisations should make maximum utilisation of their resources, with no or minimum wastage. Also, providing fair returns on investments is the responsibility of organisations towards their investors.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Write a word or phrase or term which can substitute each one of the following statements.

Malabar Coast in Kerala is famous for this business.

Q. Write a word or phrase or a term which can substitute each one of the following.

Duties, obligations of business directed towards welfare to society.

Q. Write a word or phrase or a term which can substitute each one of the following.

Providing fair returns on investment is the responsibility of organization towards this group.

Q. Write a word or a phrase or a term which can substitute each one of the following.

'One man show' type of business organization.

Q. Write a word or phrase or a term which can substitute each one of the following.

Movement of the consumers against business malpractices.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Consumer Protection

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Importance of Consumer Protection for Consumers

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon