For the period 2010 to 2011, which of the following statements is true?
(A) The size of the total car market in each country did not change - HSC - SSCE Business Studies - Question 19 - 2012 - Paper 1
Question 19
For the period 2010 to 2011, which of the following statements is true?
(A) The size of the total car market in each country did not change.
(B) In Country A, both t... show full transcript
Worked Solution & Example Answer:For the period 2010 to 2011, which of the following statements is true?
(A) The size of the total car market in each country did not change - HSC - SSCE Business Studies - Question 19 - 2012 - Paper 1
Step 1
Consider option (A)
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Answer
Evaluate whether the total car market size remained unchanged in each country. This is generally unlikely over one year due to market dynamics.
Step 2
Consider option (B)
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Answer
Check if both the total car market in Country A and Star Car's market share increased. Analysis of market trends usually shows changes, making this assertion questionable.
Step 3
Consider option (C)
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Answer
Assess the claim about Country B's market stability. Typically, significant market fluctuations occur frequently, so this may not hold true.
Step 4
Consider option (D)
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Answer
In Country C, confirm that the total car market indeed increased while Star Car's market share decreased. This aligns with observable market trends, suggesting it might be the correct statement.
Step 5
Conclusion
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Answer
After evaluating all options, option (D) is true. The total car market in Country C increased, yet Star Car's market share decreased, making it the correct answer.
