Difficulty: Easy
Correct Answer: Neither I nor II is implicit
Explanation:
Introduction / Context:
The statement observes rising consumer expectations amid continuous market change and greater competition. Our goal is to test whether two proposed assumptions are necessary for the observation to hold true.
Given Data / Assumptions:
Concept / Approach:
“Increasing” demand does not imply “previously zero” demand. It only indicates a trend upwards from some prior level. Further, greater competition typically benefits consumers (better quality, lower prices), but the statement does not evaluate whether competitiveness is favourable or not; it merely correlates increased competition with rising expectations.
Step-by-Step Solution:
Verification / Alternative check:
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
Neither I nor II is implicit
Discussion & Comments