Consumer protection agency I - JSS3 Business studies Past Questions and Answers - page 3
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Consumer protection agencies collaborate with other regulatory bodies to ensure the safety, quality, and fairness of goods and services in Nigeria. They may share information, coordinate enforcement actions, and work together to address emerging consumer protection issues and challenges.
Consumer protection agencies level the playing field between consumers and businesses by promoting fair competition, enhancing consumer confidence, and protecting consumers from exploitation and harm. They contribute to economic stability by maintaining trust in the marketplace and ensuring that consumers can make informed choices when purchasing goods and services.