Question:
Statement:
In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.
Assumptions:
I. The rate will remain more or less same after the increase.
II. The expenditure will more or less remain the same in near future.
III. The rival companies will also increase the price of the similar product.
Statement:
In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.
Assumptions:
I. The rate will remain more or less same after the increase.
II. The expenditure will more or less remain the same in near future.
III. The rival companies will also increase the price of the similar product.
Show Hint
Implicit assumptions must support the decision directly.
Updated On: Mar 17, 2026
- Only I and II are implicit.
- Only II and III are implicit.
- Only III is implicit.
- None of these
Show Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
To reduce gap by increasing price:
- It assumes expenditure remains stable (II).
- It assumes increased price will sustain (I).
- Rival pricing (III) is not necessary.
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