Multiple Choice Questions on A business has to offer wider choice in purchasing enhanced quality of goods and services in order t........... for Commerce 12th Preparation

Business Studies (12th)

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Indian Economy - Understanding the basics of Indian economic system

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    A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.

    Increasing competition

    Correct Answer

    More demanding customers

    Incorrect Answer

    Necessity for change

    Incorrect Answer

    Market orientation

    Incorrect Answer
    Explanation:

    Increasing competition


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