The Right to Be Heard Was Listed as Part of the Consumer's

question 22

Multiple Choice

The right to be heard was listed as part of the consumer's Magna Carta because

• A) consumers should have a say in a store's hours of operations.
• B) many consumers felt that they could not effectively communicate their desires and grievances to businesses.
• C) everyone wants to feel that others listen to them.
• D) because business has refused to listen to customers.

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Definitions:

Coincidence of Wants

A situation in a barter economy where two parties each possess goods or services that the other wants, facilitating a direct exchange without the need for money.

Barter

The direct exchange of one good or service for another good or service.

Medium of Exchange

An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.

Specialization Restrictions

Limitations or regulations set on the extent to which individuals or entities can focus on producing a particular product or service.