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Home › Bihar Board Class 12 (Commerce) › Business Studies › Social Responsibility of Business and Business Ethics › The principle of caveat emptor has been replaced…

The principle of caveat emptor has been replaced by which principle due to consumer consciousness?

ACustomer is the king
BSurvival of the fittest
CProfit comes above all
DHire and fire at will
Answer & Solution
Correct answer: A. Customer is the king
Caveat emptor means let the buyer beware; with conscious consumers it gave way to the principle that the customer is king.
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