Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : Market trends are changing continuously and with increasing competitiveness, the consumer’s demands with respect to the prices and quality are gradually increasing. Assumptions : I. The consumers did not care for the prices and quality earlier. II. Market competitiveness is not favourable for the consumers.

The correct answer is: C. Either I or II is implicit.

The statement says that market trends are changing continuously and with increasing competitiveness, the consumer’s demands with respect to the prices and quality are gradually increasing. This means that consumers are becoming more demanding in terms of what they want from products and services.

Assumption I is that the consumers did not care for the prices and quality earlier. This assumption is not necessarily true. It is possible that consumers always cared about prices and quality, but that their demands were not as high as they are now.

Assumption II is that market competitiveness is not favourable for the consumers. This assumption is also not necessarily true. It is possible that market competitiveness is beneficial for consumers, as it can lead to lower prices and higher quality products and services.

Therefore, either assumption I or assumption II is implicit in the statement.