MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

India's Trade in Services and FDI

How are the p...

Question

How are the prices of quality products affected due to globalization?

Open in App

Solution

As globalization began and international brands came to India, they delivered a wide range of quality products at cheap rates. As a result, the Indian brands had to bring down the prices of their equally good quality products due to the cutthroat competition.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Which of the following factors enable MNCs to produce better quality products at lower prices?

Q. Global climatic changes will affect ___________ in many places, due to affects of soil erosion and reduced rainfall, on agricultural production.

Q. Due to globalization, Indian consumers could buy foreign products and Indian producers could earn more by exporting their products.

Q. Products sold under a brand name used to command premium prices because, in general, they were superior to non-brand rival products. Technical expertise in product development has become so widespread, however, that special quality advantages are very hard to obtain these days and even harder to maintain. As a consequence, brand-name products generally neither offer higher quality nor sell at higher prices' Paradoxically, brand 'names area bigger marketing advantage than ever.
Which of the following, if true, most helps to resolve the paradox outlined above?

Q. Globalization is a double-edged sword. In this context explain how Globalization has affected the mental well being of the different strata of society?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Indian Scenario

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

India's Trade in Services and FDI

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon