Comment briefly on the following statement:

a)The MRTP Act intends to control concentration of economic power.

b)Consumer behaviour is influenced by social factors such as reference group, family, social roles, social status and opinion leaders.

c)A seller adopts product diversification by adding a new product to the existing product line or product mix.

d)Every product introduced in the market may not succeed.

a) The MRTP Act intends to control concentration of economic power.

The main administrative body under the Act is the MRTP Commission. The MRTP Act lays down provisions detailing the terms of office, conditions of service of members, and the appointment of di­rectors. The Commission is a quasi-judicial body, and investigates complaints into monopolistic and restrictive trade practices. The scheme of the Act to prevent the concentra­tion of economic power is to make compulsory the registration of all enterprises which are of a cer­tain size and those which have more than a certain share of the market. The idea behind registration is that this makes it impossible for registered con­cerns to make any further expansion without per­mission from the Central Government.

Under the law as at present, companies (along with their sub­sidiaries and associates) having assets more than Rs. 100 crores, have to register compulsorily with Government and obtain permission for any substan­tial expansion of their units. Similarly, units enjoy­ing one-fourth or more of the market share of a product or service, and having assets of Rs. 1 crore or more, are also subject to the same restrictions.

Such registered companies cannot promote new un­dertakings or amalgamate with others without Government clearance. The rationale behind this is that an economically powerful enterprise, which already controls a major portion of the market, should not, unless there are compelling reasons, be allowed to increase their dominance of the ___ _____ __________ _____ ________ ___ _______ ________ ________.
__________ ____ _____ __________ ___.
______ __________ ____ _____ ______ _________ _____.
_________ ____ _________ _______ __________ _______ ____ ______ ______ ________ _________ _______.
________ ____ ______ _____ _________ ________ _________ _______.
_____ _________ ________ _____ ____ __________ _________ _________ _________ _______.
_______ _____ ____ _______ ________ __________ ________ _________ ______ _________ ___ __________.
________ _______ _____ ______ ___ _________ ________ _____ ____ _______ ___.
_____ __________ _____ _________ ________ _____ _________.
________ _________ __________ ________ _________ _________ ______ ______ ______ _______ _____ ____.
__________ _________ ____ _______ _____ ____.
_______ ________ _____ __________ _____ _________ _______.
____ _________ _________ ________ ______ _____ ____ ____ __________.
_________ ______ __________ ________ ______ ____ ________ __________ ___ _________.
____ ______ __________ _____ _______ ___ _______ ________ ___.
______ _________ _______ __________ ___ _________.
_________ _________ ________ _______ ____ _________ __________ ________ ___ _________ ___.
______ __________ ______ __________ _________.
___ _________ ________ ______ ______ ______ _________ _______.
__________ _______ _________ ________ _________.
_________ ______ ____ ___ ____ _____ ________ ______ ___ ___ _______.
__________ ________ _____ _______ _____ __________ _________ __________ ____ _______ ______.
______ _____ _______ ______ ____ _________ ___ __________ _____.
__________ ___ _______ _________ ___ _____ _________ ____ ________ _______ ________.
________ ______ ______ __________ __________ ____ ____ ___ _______ ___.
_______ __________ __________ ____ ________ _____ ___ ____ _________ ___ _________ ___.
_______ _________ _______ ______ ______ ___ _____ __________ _________ _________ __________ _____.
_____ ___ _______ _____ _______ ____ _________ _________ ______ __________ ___ _________.
___ _____ ________ _______ ___ ____ ____ ___ ______.
____ _______ _________ ___ ___ _____.
_______ ____ _____ ____ _________ __________ _______ _______ ________ ____ _____ _____.
_____ _____ _________ ________ _____ ______.
_________ ________ __________ ____ _________ _________ _____ _____ _____ _________.
______ ____ _______ ______ ___ _________ _________ ______ _______ ____.
_____ _______ ______ ____ _________ _________ ______ _____ __________ ___ ____ ___.
_________ _________ _________ ____ ___ ________.
_______ _____ ________ ___ ____ ____.
___ _____ _________ _______ ___ ________ _____.
__________ _____ ___ ________ _______.
___ ______ _________ ______ __________ _____ ________ ____.
_____ __________ _________ __________ ____ ________ _______ _______ ___ _______.
________ ___ _________ __________ _____ ______ ____ ___ __________ ________.
________ _________ _________ _________ ___ ________ ______ ___ ____ _____ _______ ______.
____ __________ ___ _________ ______ _____ ________ ________.
_____ _________ _______ ____ ____ ______ __________.
_________ ______ _____ _________ _______ _________ ________.
________ _______ _________ _______ __________ _______ _________ _____.
______ ________ ___ ___ ___ __________ __________.
______ __________ ___ __________ ___ ___ _______ ______ ______.
________ _________ _________ ___ ____ _______ ______ _________ ____ _____ __________.
_________ _____ _________ ______ __________ ______ ___.
_____ ________ ______ ________ _________ _____ __________.
_______ _______ ________ ______ ____ ___ _______ __________ _________ ____ ________ ___.
_________ _______ __________ __________ ___.
_________ ____ ____ ____ ______ _______ _________ ________.
__________ _____ _________ ______ ______ ______ ____ _________ __________ ____ ________.
______ ___ ________ _______ ___.
__________ ______ _____ _______ ________ _________ _____.
______ ____ ___ _____ _________ _____ __________.
_______ ________ ______ ______ ____ ______ __________.
______ _____ ______ ___ _________ ______ _________ ___ ________ ___.
____ _____ ____ ___ _________ _______ _______.
________ _________ _____ ___ _____ ___ __________ ___ ___ _______ ___.
___ ___ __________ __________ _____ ________ _______.
_____ ________ ________ ___ ___ _______ ___ ____ _________.
_________ _____ ____ ______ ______ ________ _________ __________.
_____ _________ __________ ______ ________ ________ ____ ______ ______ ____ _________ ___.
_______ ________ _______ __________ _________ _____ ______ _____ ______.
______ __________ __________ ____ _________ _______ _________.
________ ______ __________ ______ __________ _____ ______ __________ _____.
_____ ______ ___ _________ _________ _______ _________ ______.
___ ________ ____ _______ ________ ____ __________ ___ ______ __________ ____ _________.
______ ________ _____ _________ _______ ________ _____ __________ _________ ______ ____ __________.
_________ ____ ______ _______ ________ __________ ___ ______.
_______ _____ ______ _____ ____ _____ _____ ___ ___ ________.
_____ _______ _____ ______ _________ ___ _________ _____ _____ ___ _____ ________.
______ __________ __________ ________ __________ __________ __________ ________.
______ ____ _________ _________ _____ ___ ___ ______ ____ _____ _____ _________.
_______ __________ __________ __________ _______ ____ _________ _________ _______.
_____ ________ __________ __________ __________ ________ ________ ______.
____ _________ ___ ____ __________ ___ _____ ___ _________ ___ ____ ______.
__________ ______ ______ ________ ___ _____.
____ ___ ____ ______ ______ __________ _____.
___ __________ ________ ________ ______ _______ ________ _____ ______ _____.
________ ________ ________ _________ _______ ____.
________ _________ _______ _________ ____ ___ ______.
_______ ______ ________ _________ ________ _______ _______ _____ ______ ________.
__________ ___ ______ ___ __________ ____ _________ _____ __________.
__________ _________ ___ _________ ___ __________ _______ ________ ________.
_____ ________ _______ _______ ______ _____ _________ ___ ____.
________ ____ ____ _______ _____ ________.
___ _______ _______ __________ __________ ___ ______ _______.
_________ ________ ___ __________ ____ ______ ___.
_________ __________ ________ ________ ____ ______ _____ _________.
____ _______ ____ _________ ________ ___ ___ _____ ____.
________ _____ _____ ____ _________ ____ ______ ________ ________ _____ _______.
___ ___ __________ __________ ______ ___ _____.
_______ ___ ____ _________ _______ ___ ___ _________ _________ ________ ____ _________.
_________ ________ _____ _________ _______.
________ _______ _______ _________ __________ ________ _______ ____.
__________ __________ ____ __________ ________ ______ _____ __________ ___.
______ __________ ___ _______ ________ ___ ______ _________.
_____ _________ _______ __________ ____ _____ ____.
____ ________ _____ _______ ______ _______ ______ _____ _________ _____ _____.
________ __________ ______ _______ _______ ________ ___ _____.
_________ ____ _______ _______ ______ __________ ______ ___ _____ ___ ___ ______.
___ ___ _________ ______ _____ _____.
________ ______ ___ __________ ___ ___ _____ __________.
__________ ________ ________ _________ ____ ____ _________ _________ _________ ________.
_____ ______ _____ ______ ___ ____ __________ ___ _____ _____.
_________ _________ ____ __________ _________ __________ ______ _____ ___ __________.
________ ___ ____ ________ __________ ____ _________.
___ _______ __________ __________ _________ _________ _____.
_______ _________ _____ ____ ______ _________ _____ ______ _________.
___ ____ ________ _____ ___ ___ ________ __________.
__________ _____ _____ ______ __________ _______ __________ _________ ________ ______ _____.
_______ __________ _________ _______ _________ _______ ______.
______ _______ ___ ______ __________ _________ _____ _______.
____ ______ ___ _________ ______ _________.
___ ___ __________ _____ _______ __________ ____ _________.
__________ _____ ______ __________ ________ ______ _______.
_________ _____ ______ _________ ____ _________ __________ _________ ________.
__________ _______ __________ _____ ______ ________ _______ _____ __________ ____ ______.
_________ __________ ___ _______ ____ _____ _______ ______ _________.
____ ____ _______ ________ __________ ___ _________ __________.
___ __________ ___ _______ _______ ______ _________.
___ _____ __________ __________ _____ _______ _________ _______.
_____ __________ ___ _______ ________.
____ ____ _________ _________ ___ __________ _______ ___ ___.
_________ ____ _____ _________ _______ _____ ______ _______ ________ _______.
__________ ______ ____ ______ _______ __________ ___ _________.
__________ ___ _________ __________ _____ ______ _________ _________ ________ ___ _______.
___ __________ ________ _______ _________ ___ __________ __________ ___ _______ _________ ________.
____ _________ __________ __________ ______ _________ ____ _____ __________ ______ ___ __________.
________ _________ _____ _________ ___ _____ ___ ______ _______ _____.
_______ ___ ___ ________ ________.
Get Full Answer on WhatsApp