What Are the Risks of Ignoring Consumer Protection?
Ignoring consumer protection can lead to numerous risks for entrepreneurs, including:
- Legal Repercussions: Non-compliance can result in fines, lawsuits, and other legal consequences. - Reputational Damage: Negative public perception can diminish brand trust and customer loyalty. - Financial Losses: Legal fees, fines, and loss of customers can lead to significant financial setbacks.