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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?
Assertion (A): Technological advancement in the transportation industry has helped in bringing markets closer
Reason (R): With the advancement in technology, manufacture can deliver their products to retailers and wholesaler more quickly and in cost effective manner.
  • a)
    Both (A) and (R) are true, and (R) is the correct explanation of (A).
  • b)
    Both (A) and (R) are true, but (R) is not the correct explanation of (A).
  • c)
    (A) is true, but (R) is false.
  • d)
    (A) is false, but (R) is true.
Correct answer is option 'A'. Can you explain this answer?
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Direction: In the questions given below are two statements labelled a...
Technology has transformed marketing by making campaigns more personalized and immersive for people and creating ecosystems that are more integrated and targeted for marketers. And it's not just the interface between brands and people that have been transformed. 30% will prioritise technology over creativity.
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Direction: In the questions given below are two statements labelled a...
Understanding the Assertion and Reason
The assertion (A) states that technological advancement in the transportation industry has helped in bringing markets closer. This is a true statement.
- Technological advancements, such as improved logistics, faster vehicles, and better supply chain management, have indeed facilitated the movement of goods, reducing the time and distance involved in distribution.
Analysis of the Reason
The reason (R) explains that with the advancement in technology, manufacturers can deliver their products to retailers and wholesalers more quickly and in a cost-effective manner. This statement is also true.
- Quick Delivery: Enhanced transportation technology allows for faster delivery schedules.
- Cost-Effectiveness: Streamlined logistics reduce transportation costs, benefiting manufacturers and retailers alike.
Connection Between A and R
Both statements are true, and the reason provided effectively explains the assertion.
- Bringing Markets Closer: The ability to transport goods efficiently means that geographical barriers are diminished, allowing markets to be more integrated.
- Economic Impact: This integration leads to better availability of products, lower prices, and a more competitive market environment.
Consequently, option (a) is the correct choice because both statements are true, and the reason accurately explains the assertion.
Conclusion
- Both assertion and reason align well with each other, reinforcing the impact of technological advancements in transportation on market dynamics. This relationship demonstrates the broader implications of technology in enhancing connectivity and economic efficiency.
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Technological advancement in the transportation industry has helped in bringing markets closerReason (R): With the advancement in technology, manufacture can deliver their products to retailers and wholesaler more quickly and in cost effective manner.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer?
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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Technological advancement in the transportation industry has helped in bringing markets closerReason (R): With the advancement in technology, manufacture can deliver their products to retailers and wholesaler more quickly and in cost effective manner.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Technological advancement in the transportation industry has helped in bringing markets closerReason (R): With the advancement in technology, manufacture can deliver their products to retailers and wholesaler more quickly and in cost effective manner.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Technological advancement in the transportation industry has helped in bringing markets closerReason (R): With the advancement in technology, manufacture can deliver their products to retailers and wholesaler more quickly and in cost effective manner.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): Technological advancement in the transportation industry has helped in bringing markets closerReason (R): With the advancement in technology, manufacture can deliver their products to retailers and wholesaler more quickly and in cost effective manner.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
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