Question

Assertion (A): Changes in fashions and tastes of consumers may shift demand in the market from existing products to new ones. 

Reason (R): Business environment is dynamic, i.e., it keeps on changing in consumer preferences.

विकल्प

• Both (A) and (R) are true, and (R) is the correct explanation of (A).

• Both (A) and (R) are true, but (R) is not the correct explanation of (1).

• (A) is true, but (R) is false.

• (A) is false, but (R) is true.

Answer 1

Both (A) and (R) are true, and (R) is the correct explanation of (A).

Explanation -

The business environment is dynamic, meaning it is constantly changing, whether due to technical advancements, shifts in client preferences, or the introduction of new competitors into the market.