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The saying that the 'consumer is always right' describes the doctrine of

Commerce
WAEC 2021

The saying that the 'consumer is always right' describes the doctrine of

  • A. caveat emptor
  • B. consumer sovereignty
  • C. consumer protection
  • D. proximate cause
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Correct Answer: Option B
Explanation

The ''customer is always right'' slogan means that the needs and desires of the customer are always paramount and this can be attributed to the principle of consumer sovereignty, which opines that the desires and needs of consumers control the output of producers.


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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts