Explain briefly any two points of importance of consumer protection from the point of view of business.

Explanation

Two points of importance of consumer protection from the point of view of business are:
Long-term interest of business Customer is the foundation of business. Satisfied consumers not only being repeated sales but also give positive feedback about the product, which help to increase the customer-base of business.
(ii) Business uses society's resources Business firms use resources that belong to the society such as manpower, mineral resources, capital, etc.
Therefore, it is the responsibility of businesses to convert these resources into useful goods and services for the welfare of society.