Economics
What are the ways in which Ravi’s small production unit was affected by rising competition?
Global & Ind Econ
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Answer
Ravi’s small production unit was affected by rising competition in following ways:
- Competition from the MNC brands forced the Indian television companies to move into assembling activities for MNCs and therefore they stopped buying capacitors from Ravi.
- Price of imported capacitors was less as compared to price of capacitors produced by Ravi's unit.
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