Which statement accurately reflects lawful business practices?

Sellers must provide accurate representations of their products to ensure transparency and maintain consumer trust. This principle is rooted in various consumer protection laws that mandate honesty in advertising and sales practices. Accurate representations help consumers make informed decisions based on the true nature and functionality of the products being sold. Misleading or false claims can not only harm the seller's reputation but can also lead to legal repercussions, including fines or lawsuits.

The other options, while they may seem appealing for short-term sales gains, promote unethical and potentially illegal practices. Exaggerated claims can mislead consumers, violate advertising standards, and undermine the integrity of the marketplace. Similarly, withholding important contract details from buyers prevents informed consent and goes against the basic principles of fair business transactions. Thus, the core value of providing true and accurate information is vital for lawful and responsible business practices.