Question

Q2 A) Identity and explain the concept (Any two) (4 marks)
1. In a market there are many detergents are available such as Surf, Rin, Ghadi detergent, wheel etc. Though these companles are producing same product they are different in colour, packaging, target customers etc.
2. Mahila Bachat Gat produced 500 masks every day out of which they are willing to sale only 300 masks for Rs.30 per day,
3. While calculating National Income, the aggregate of goods and services produced in a country during a year is considered.​

Answer 1

Answer:

1. because a companies credit should not go to another company.

that's why the brand colour and packaging are different.

plz mark me as branalist.

2. they will earn 9000 ruppes

Answer 2

Answer:

1. product differentiation, 2. inventory and sales, 3. income = production

Explanation:

• There are many brands available in the market but all have their unique style of packaging, color, utility, etc. This is because the sellers want to differentiate their product from their competitor's to increase their sales. This concept is called product differentiation.
• Mahila Bachat Gat is producing 500 masks every day and is selling only 300. The rest 200 masks will be counted as inventory. Also, since they sell these masks for Rs 30, their sales will be 300*30 = 9000
• While calculating the national income, we take the aggregate of all goods and services produced because the income is actually equal to the production in a country during a year. This is because the income earned by factors of production is equal to their contribution to production which is reflected in the value of goods and services sold in the market.

#SPJ3