Question : Which of the following about the impact of economic reforms of the businesses is incorrect?
Option 1: Increased competition in the market gives the customer wider choice.
Option 2: The business environment was quite stable and business plans and policies were continued for the long period of time.
Option 3: Increase competition made it compulsory for Indian firm to develop new ways to survive in the market.
Option 4: All of the above are correct.
Correct Answer: The business environment was quite stable and business plans and policies were continued for the long period of time.
Solution : Before the economic reform, the business environment was quite stable in business plans and policies used to continue for the long period of time. However after reforms, the market forces have become trubulent and enterprises have to continuously modified their operations and policies. Hence Option B is correct.
Question : Case Study 11: Role of Government Schemes
A group of young entrepreneurs started a tech company with a vision to bridge the digital divide in rural areas. The government supported their initiative by providing financial assistance and
Question : Athens a city- state in the eastern Greece, was the antithesis of Sparta. Here the democratic way of life flourished and consequently it had a great bearing on the objectives of physical education. An ideal of Athenian education was to achieve a proper balance in moral,
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile