Identify the importance of consumer in the following lines — "Business organisations make money by selling goods and providing services to consumers.
Question
Identify the importance of consumer in the following lines — "Business organisations make money by selling goods and providing services to consumers. Thus, consumers form an important group among the many stakeholders of business and like other stakeholders, their interest has to be well taken care of. "
A.
Moral justification
B.
Business uses society’s resources
C.
Social responsibility
D.
Long-term interest of business
Correct option is C
‘Social responsibility’ importance of consumer in the discussed in the following lines.