Question 8
Consumer ProtectionThe primary objective of consumer protection laws is to ensure that
- A.consumers derive maximum satisfaction from goods and services
- B.consumers buy goods and services at cheap rates
- C.manufacturers of goods and service providers overcome internal competition
- D.manufacturers of goods and service providers get optimum profit
Show the answer and explanation
Answer: A (consumers derive maximum satisfaction from goods and services)
Explanation
Consumer protection laws make sure consumers get safe goods of good quality and value, so they get maximum satisfaction.