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Nature, Purpose and scope of Business — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMNature, Purpose and scope of Business2 Marks
Question
Why is alternative product considered risk in business?
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Answer

  • Alternative products come in existence when there is a change in technology choice of customers too change.
  • As a result sale and profit decrease e.g. $T.V$ in place of radio, Steel utensils against copper and brass utensily, melamine fiber crockery in place of glass, crockery,, ball pen in place of fountion pen etc.

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