Business Ethics in the Digital Age
Consumer protection refers to the set of laws and regulations designed to ensure the rights of consumers are upheld and that they are treated fairly in the marketplace. This concept is crucial in promoting justice and fairness, as it aims to prevent businesses from engaging in deceptive practices and ensures that consumers have access to accurate information about products and services. Consumer protection also intersects with pricing strategies, as it seeks to regulate practices like pricing discrimination and dynamic pricing that may exploit consumers.
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