MyQuestionIcon

1

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

Business Studies

Multiple Objectives of Business

Market standi...

Question

Market standing refers to the position of an enterprise in relation to its competitors.

A

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
True

True. Market standing refers to the position of an enterprise in relation to its competitors. A business enterprise must have a strong standing in terms of offering competitive products to the customers and also serve them to their satisfaction.

Suggest Corrections

thumbs-up

15

Similar questions

Q. Early identification of opportunities helps an enterprise to be the first to exploit them instead of losing it to competitors. The mentioned advantage can be categorized under ______.

Q. Global enterprises have to make extra efforts with their marketing strategy in an untapped market.

Q. If you have _______ for your key technologies, then new competitors can quickly enter your market and weaken your position.

Q. The term private administration refers to the ___________ of the affairs of the business enterprise.

Q. The gross decrease is economic benefits to the enterprise is referred to as _____________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Business

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Multiple Objectives of Business

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon