Practicing Success

Target Exam

CUET

Subject

Sociology

Chapter

Social Change and Development in India: Change and Development in industrial Society

Question:

Retail chains are a threat to Indian market because -

Options:

They promote the policy of liberalization

They provide more job opportunity

Small local chains (grocery stores) will be destroyed

Retail sector is attractive

Correct Answer:

Small local chains (grocery stores) will be destroyed

Explanation:

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.