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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market4 Marks
Question
How does the 'consumers' demand affect enterprises?
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Answer

'Consumers' demand affects enterprises as it affects the following things of the enterprises:
  1. Profitability,
  2. Reputation and goodwill;
  3. Expansion plans.

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