ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The BBB assists in the resolution of disputes between a business and its customers. BBBs have a national reputation for fairness because they remain neutral in a dispute. They do not take sides but work to get the problem settled as quickly as possible.

Detailed explanation-2: -The Better Business Bureau (BBB) is a private organization that provides the public with information on businesses and charities. It also handles consumer complaints about firms. The nonprofit bureau has developed a rating system for businesses based on a scale of A+ to F.

Detailed explanation-3: -BBBs are chiefly funded by local accredited businesses, which also make up BBB boards of directors. A study by a business school dean at Marquette University found that ninety percent of BBB board members are from business.

Detailed explanation-4: -Through the support of their BBB Accredited Businesses, BBBs work for a trustworthy marketplace by maintaining standards for truthful advertising, investigating and exposing fraud against consumers and businesses, and providing information to consumers before they purchase products and services.