If a food entrepreneur competes only on low price, what is the long-term risk?
Answer and explanation
Correct answer: Pressure may increase on quality, hygiene or profit
Very low pricing can affect quality and profit. In exams, remember value-based pricing.
Frequently asked questions
What is the correct answer to this question?
Pressure may increase on quality, hygiene or profit
Why is this the correct answer?
Very low pricing can affect quality and profit. In exams, remember value-based pricing.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Indian cuisine.