A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors

Q. A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.

A.            Increasing competition

B.            More demanding customers

C.            Necessity for change

D.            Market orientation

Answer: Increasing competition