Product Size Reduction Term
XAT 2025 · General Knowledge · Easy · General Knowledge
Which term is commonly used to describe the strategy employed by firms where they reduce the product size or quality while maintaining the same price?
- A.
Reduflation
- B.
Skimpflation
- C.
Shrinkflation
- D.
Inflation
- E.
Deflation
Answer
C
Explanation
Shrinkflation is the practice of reducing a product's amount or quantity while its retail price remains the same.
Related General Knowledge questions
- #1464Dhimsa Folk Dance StateXATGKMCQMedium
- #1509Commonwealth Gold Medallist PoliticianXATGKMCQEasy
- #1510OSIRIS-REx MissionXATGKMCQEasy
- #1511UNESCO World Heritage Sites MatchingXATGKMCQMedium
- #1512Longest Serving Chief MinisterXATGKMCQMedium
- #1513First Field Marshal of IndiaXATGKMCQEasy
- #1514Acquisition of Air IndiaXATGKMCQEasy
- #1515Sun Corona SpacecraftXATGKMCQEasy
Practise this under exam conditions
Sign in to solve it with a live timer, the on-screen CAT calculator, and streak and accuracy tracking across every question you attempt.
Solve in the workspace