Question

what is the basis for consumer protection laws?

A) most businesses cannot be trusted.

B) consumers have rights that sometimes need to be protected.

C) to provide jobs for those how enforce them.

D) most consumers are not intelligent to protect themselves.

Answer 1

Answer:

B) consumers have rights that sometimes need to be protected.

Explanation:

The main objective of having consumer protection laws is to safeguard the rights of consumers. The laws protect consumers from exploitation by businesses driven by quick profit motives. Consumer protection law makes suppliers responsible for the goods and services they sell to consumers.

Consumers are protected from damaged, improperly described, and harmful products. The laws ensure fair competition and ethical business practices among suppliers. Consumer protection law creates a platform where consumers can raise their grievances should they feel an injustice has occurred.