Question
Why is direct selling preferred for a monopolistic market?

Answer

Direct selling is preferred in monopolistic competition due to following reasons:
  1. More number of competitors: As the number of competitors are more therefore, direct selling mode is convenient method for reaching the consumers easily and quickly.
  2. Views: Customers' views can be obtained easily. The feedback of customers can be used to make further changes in the product.
  3. Convenience: It is convenient from the customers point of view. Delay in supply is avoided by using direct method.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free