Question

5. Market information means
1) Knowledge of industries
2) Knowledge of households
3) Knowledge of peers
4) Knowledge of customer's tastes
5) All of these​

Answer 1

Answer:

5 all of these

Explanation:

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Answer 2

The correct answer is Option(5) All of these

• The Market information includes the knowledge of industries to make the work more efficient.
• 'Knowledge of Households' and 'Customer taste' means customer taste and preferences, as their demand is necessary for production.
• 'Knowledge of the peer' is what the peer groups think about, this increases the knowledge and also the emotional stability in the working environment.
• All these factors are taken into consideration while collecting the information.