What should be done before only reducing price when demand falls in business?
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Answer and explanation
Correct answer: Check causes and market condition
Understanding causes of falling demand helps in correct decision. Exam tip: analyse before deciding.
Frequently asked questions
What is the correct answer to this question?
Check causes and market condition
Why is this the correct answer?
Understanding causes of falling demand helps in correct decision. Exam tip: analyse before deciding.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.
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