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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 market competition considered risk?
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Answer

  • Business unit has lower the price of its product to sustain in market competition and to pace market competition.
  • It has to bear the expanse of advertisement As a result profit reduces.
  • That is competition is considered as a risk in business.

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