Post Utme Osustech 2018 Commerce Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Osustech Commerce examination.

Post Utme Osustech 2018 Commerce Objective / Multiple Choice
Question 28 POST_UTME_OSUSTECH • 2018 • COMMERCE • objective

A consumer protection agency is considering a new regulation to protect consumers from unfair business practices. Discuss the potential impact of the regulation on businesses and consumers.

Answer Options

Correct Answer A. The regulation will increase the costs of businesses, but it will also increase consumer confidence and trust in businesses.
B. The regulation will decrease the costs of businesses, but it will also decrease consumer confidence and trust in businesses.
C. The regulation will have no impact on businesses or consumers because it is simply a matter of enforcing existing laws.
D. The regulation will increase consumer confidence and trust in businesses, but it will also decrease the competitiveness of businesses.
Correct Answer
A
Correct Option:
The regulation will increase the costs of businesses, but it will also increase consumer confidence and trust in businesses.

About This Question

This is Post Utme Osustech 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Osustech Commerce examination.

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