The Four Basic Rights Outlined in the Consumer Bill of Rights

question 33

Multiple Choice

The four basic rights outlined in the Consumer Bill of Rights include the right to safety, the right to be heard, the right to

• A)inform, and the right be chosen.
• B)consumer education, and the right to honesty.
• C)choose, and the right to be informed.
• D)redress, and the right to choose.
• E)honesty, and the right to redress.

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Definitions:

Cost Leadership

is a business strategy aimed at achieving the lowest operational costs in the industry to offer products or services at competitive prices, often resulting in a high market share.

Organic Structure

An organizational configuration that is flexible, adaptive, and decentralized, designed to enable rapid response to changes.

Organizational Strategy

A plan of action designed to achieve long-term or overall goals and objectives of an organization.

Structure

The arrangement of and relations between the parts or elements of something complex.