Based on the Information Above,Tata Most Likely Believed That as a Result

question 10

Multiple Choice

Based on the information above,Tata most likely believed that as a result of recent changes in India's economy,what would be true of a growing number of Indian consumers?

• A) They had become even more cost-conscious than ever before.
• B) They would be willing and able to spend 150,000 rupees on a car.
• C) They would choose a vehicle with high fuel efficiency primarily because of concern about the natural environment.
• D) They will eventually prefer models similar to those currently available in the U.S. and Europe.
• E) They will place a higher value on car safety than fuel economy.

---

Definitions:

Variable Cost

Costs that change in proportion to the level of activity or production volume.

Mud Statues

Sculptures made out of mud or clay, often used in various cultures for artistic or ceremonial purposes.

Workers

Individuals engaged in any form of economic activity to earn a living, including both paid and unpaid efforts.

Diseconomies of Scale

The phenomenon where, as a firm or industry grows beyond a certain point, per unit costs start increasing due to inefficiencies.