CUET Preparation Today
CUET
Sociology
Social Change and Development in India: Change and Development in industrial Society
Retail chains are a threat to Indian market because - |
They promote the policy of liberalization They provide more job opportunity Small local chains (grocery stores) will be destroyed Retail sector is attractive |
Small local chains (grocery stores) will be destroyed |
The correct answer is Small local chains (grocery stores) will be destroyed. Retail chains pose a threat to small local chains (grocery stores) due to their competitive advantages in terms of economies of scale, pricing power, and brand recognition. They can often offer lower prices, wider product ranges, and more convenient shopping experiences than small local stores. This can make it difficult for small local stores to compete, leading to their decline or closure. |