Question
Easy
An organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers :
1
Consumerism
2
Environmentalism
3
Sustainability
4
Citizenship
Question Details
Time to Solve: 12
Exam: HTET
Level/Paper: Level 3
Chapter: Computerised Accounting and Trade Environment
Topic: Consumer Protection
Correct Answer
Option A
Explanation
The correct option is 1: Consumerism is precisely defined as the organized effort by individual citizens, consumer advocacy groups, and government agencies to enhance the rights, power, and information of buyers in relation to the sellers. This movement arose primarily to challenge the traditional concept of 'Caveat Emptor' (buyer beware) in the modern, complex marketplace where buyers often lack information and negotiating power. The ultimate aim is to restore the…Read More
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