Which of the following is NOT a goal of consumer protection laws?Provide consumers with better information when making purchases.Facilitate consumers' getting extended credit when making purchases.Encourage competitive pricing.Protect consumers against possible hazards from products purchased.
Question
Which of the following is NOT a goal of consumer protection laws?Provide consumers with better information when making purchases.Facilitate consumers' getting extended credit when making purchases.Encourage competitive pricing.Protect consumers against possible hazards from products purchased.
Solution
The goal that is NOT part of consumer protection laws is: Facilitate consumers' getting extended credit when making purchases.
Here are the steps to understand this:
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Provide consumers with better information when making purchases: This is a goal of consumer protection laws. These laws often require businesses to provide clear and accurate information about their products and services so that consumers can make informed decisions.
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Facilitate consumers' getting extended credit when making purchases: This is not typically a goal of consumer protection laws. While some laws may regulate credit and lending to prevent unfair practices, they do not generally aim to facilitate consumers getting extended credit.
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Encourage competitive pricing: This is a goal of consumer protection laws. By preventing unfair business practices and promoting competition, these laws can help ensure that prices are fair and competitive.
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Protect consumers against possible hazards from products purchased: This is also a goal of consumer protection laws. These laws often include regulations to ensure that products are safe to use.
So, the goal that is not part of consumer protection laws is facilitating consumers' getting extended credit when making purchases.
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