Self-regulation by a business act as a means of consumer protection. State tru

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Question

Self-regulation by a business act as a means of consumer protection. State true or false.

Options:

A . True

B . False

C . National commission

D . All of the above

Answer: Option A
:
A

True. Big business houses have realised that their long-term interest lies in the satisfaction and welfare of the customers. Thus, they follow ethical standards and set up customer service centers to redress the problems and grievances of their customers.

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