Match the following-
| LIST 1 |
LIST 2 |
| (A) Increase in taxes by government | (I) Make things expensive to buy |
| (B) Technological improvements | (II) Existing products obsolete |
| (C) Political uncertainty | (III) Create fear in the minds of investors |
| (D) Changes in fashions and tastes of consumers | (IV) Shift demand in the market from existing products to new ones |
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 1
The correct answer is option 1- A-I, B-II, C-III, D-IV.
| LIST 1 |
LIST 2 |
| (A) Increase in taxes by government | (I) Make things expensive to buy |
| (B) Technological improvements | (II) Existing products obsolete |
| (C) Political uncertainty | (III) Create fear in the minds of investors |
| (D) Changes in fashions and tastes of consumers | (IV) Shift demand in the market from existing products to new ones |
Changes in government’s economic policies, rapid technological developments, political uncertainty, changes in fashions and tastes of consumers and increased competition in the market — all influence the working of a business enterprise in important ways.
* Increase in taxes by government can make things expensive to buy.
* Technological improvements may render existing products obsolete.
* Political uncertainty may create fear in the minds of investors.
* Changes in fashions and tastes of consumers may shift demand in the market from existing products to new ones.
* Increased competition in the market may reduce profit margins of firms.