Which of the following best explains why the consumer movement exists?

• A. To encourage consumers to spend more regardless of product quality
• B. To increase government revenue through higher taxes on consumer goods
• C. To protect buyers from unfair business practices and ensure their rights are respected
• D. To promote monopolies and reduce competition in the marketplace

Answer: (C)

Verified step by step guidance

1. Understand the purpose of the consumer movement, which is a social and economic effort aimed at protecting consumers.
2. Recognize that the consumer movement focuses on safeguarding buyers from unfair business practices, such as fraud, misleading advertising, and unsafe products.
3. Note that the movement also aims to ensure consumers' rights are respected, including the right to information, safety, choice, and to be heard.
4. Eliminate options that do not align with these goals, such as encouraging spending regardless of quality, increasing government revenue, or promoting monopolies.
5. Conclude that the best explanation for the existence of the consumer movement is to protect buyers from unfair business practices and ensure their rights are respected.