Factors Irrelevant to Market Adequacy
CMAT 2024 · Innovation & Entrepreneurship · Medium · Market Assessment
Which of the following factors are not relevant for judging the adequacy of market?
- A.
Labour Market
- B.
Domestic Market Demand
- C.
Export Market Demand
- D.
Competitors and their market shares
Answer
D
Explanation
Market adequacy measures whether the market demand/size is sufficient. Competitors and market share relate to the competitive landscape rather than assessing whether overall market demand itself is adequate.
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