What are the ways in which Ravi’s small production unit was affected – InterviewSolution

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1.

What are the ways in which Ravi’s small production unit was affected by rising competition?

Answer»

1. Ravi’s small production unit produced capacitors.

2. In 2001 government allowed imports of capacitors.

3. MNCs forced his clients to buy capacitors from them at half of the price of capacitors of Ravi.

4. Ravi now produces less than half the capacitors he produced previously.

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