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Directions: Bio, Birtel, and Vodafone are the three largest telecom companies in the country. The last 12 months have seen the three engaged in aggressive pirce wars with one another and consequently, have seen a drop in profitability for each of the companies. The CEOs of the three companies decided to meet each other and agreed upon a basic minimum tariff for 4G data service. Also, for telecom services, it has been decided that no free calling will be offered.The BIO CEO is not happy with agreement and even though he wishes to respect it, he wishes to introduce a scheme that helps him gain more customer (since BIO is the latest entrant into the market) by offering schemes that provide free calling and cheap data services.Vodafone, being the oldest player in the market, depends on its old and loyal subscriber base. Considering the new proposed minimum tariffs for all, which might lead to uniform rates for all, Vodafone fears an exodus of subscribers. What should it do in order to prevent such an outcome without violating the agreement entered into by its CEO?a)Old customers should be offered a loyalty discount on the prices.b)Old customers can be offered a cash-back that they can redeem on the Vodafone store.c)Old customers should not be covered under the given agreement.d)Lower prices should be offered to old customers irrespective of the agreement.Correct answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Directions: Bio, Birtel, and Vodafone are the three largest telecom companies in the country. The last 12 months have seen the three engaged in aggressive pirce wars with one another and consequently, have seen a drop in profitability for each of the companies. The CEOs of the three companies decided to meet each other and agreed upon a basic minimum tariff for 4G data service. Also, for telecom services, it has been decided that no free calling will be offered.The BIO CEO is not happy with agreement and even though he wishes to respect it, he wishes to introduce a scheme that helps him gain more customer (since BIO is the latest entrant into the market) by offering schemes that provide free calling and cheap data services.Vodafone, being the oldest player in the market, depends on its old and loyal subscriber base. Considering the new proposed minimum tariffs for all, which might lead to uniform rates for all, Vodafone fears an exodus of subscribers. What should it do in order to prevent such an outcome without violating the agreement entered into by its CEO?a)Old customers should be offered a loyalty discount on the prices.b)Old customers can be offered a cash-back that they can redeem on the Vodafone store.c)Old customers should not be covered under the given agreement.d)Lower prices should be offered to old customers irrespective of the agreement.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Bio, Birtel, and Vodafone are the three largest telecom companies in the country. The last 12 months have seen the three engaged in aggressive pirce wars with one another and consequently, have seen a drop in profitability for each of the companies. The CEOs of the three companies decided to meet each other and agreed upon a basic minimum tariff for 4G data service. Also, for telecom services, it has been decided that no free calling will be offered.The BIO CEO is not happy with agreement and even though he wishes to respect it, he wishes to introduce a scheme that helps him gain more customer (since BIO is the latest entrant into the market) by offering schemes that provide free calling and cheap data services.Vodafone, being the oldest player in the market, depends on its old and loyal subscriber base. Considering the new proposed minimum tariffs for all, which might lead to uniform rates for all, Vodafone fears an exodus of subscribers. What should it do in order to prevent such an outcome without violating the agreement entered into by its CEO?a)Old customers should be offered a loyalty discount on the prices.b)Old customers can be offered a cash-back that they can redeem on the Vodafone store.c)Old customers should not be covered under the given agreement.d)Lower prices should be offered to old customers irrespective of the agreement.Correct answer is option 'B'. Can you explain this answer?.

Solutions for Directions: Bio, Birtel, and Vodafone are the three largest telecom companies in the country. The last 12 months have seen the three engaged in aggressive pirce wars with one another and consequently, have seen a drop in profitability for each of the companies. The CEOs of the three companies decided to meet each other and agreed upon a basic minimum tariff for 4G data service. Also, for telecom services, it has been decided that no free calling will be offered.The BIO CEO is not happy with agreement and even though he wishes to respect it, he wishes to introduce a scheme that helps him gain more customer (since BIO is the latest entrant into the market) by offering schemes that provide free calling and cheap data services.Vodafone, being the oldest player in the market, depends on its old and loyal subscriber base. Considering the new proposed minimum tariffs for all, which might lead to uniform rates for all, Vodafone fears an exodus of subscribers. What should it do in order to prevent such an outcome without violating the agreement entered into by its CEO?a)Old customers should be offered a loyalty discount on the prices.b)Old customers can be offered a cash-back that they can redeem on the Vodafone store.c)Old customers should not be covered under the given agreement.d)Lower prices should be offered to old customers irrespective of the agreement.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of Directions: Bio, Birtel, and Vodafone are the three largest telecom companies in the country. The last 12 months have seen the three engaged in aggressive pirce wars with one another and consequently, have seen a drop in profitability for each of the companies. The CEOs of the three companies decided to meet each other and agreed upon a basic minimum tariff for 4G data service. Also, for telecom services, it has been decided that no free calling will be offered.The BIO CEO is not happy with agreement and even though he wishes to respect it, he wishes to introduce a scheme that helps him gain more customer (since BIO is the latest entrant into the market) by offering schemes that provide free calling and cheap data services.Vodafone, being the oldest player in the market, depends on its old and loyal subscriber base. Considering the new proposed minimum tariffs for all, which might lead to uniform rates for all, Vodafone fears an exodus of subscribers. What should it do in order to prevent such an outcome without violating the agreement entered into by its CEO?a)Old customers should be offered a loyalty discount on the prices.b)Old customers can be offered a cash-back that they can redeem on the Vodafone store.c)Old customers should not be covered under the given agreement.d)Lower prices should be offered to old customers irrespective of the agreement.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Bio, Birtel, and Vodafone are the three largest telecom companies in the country. The last 12 months have seen the three engaged in aggressive pirce wars with one another and consequently, have seen a drop in profitability for each of the companies. The CEOs of the three companies decided to meet each other and agreed upon a basic minimum tariff for 4G data service. Also, for telecom services, it has been decided that no free calling will be offered.The BIO CEO is not happy with agreement and even though he wishes to respect it, he wishes to introduce a scheme that helps him gain more customer (since BIO is the latest entrant into the market) by offering schemes that provide free calling and cheap data services.Vodafone, being the oldest player in the market, depends on its old and loyal subscriber base. Considering the new proposed minimum tariffs for all, which might lead to uniform rates for all, Vodafone fears an exodus of subscribers. What should it do in order to prevent such an outcome without violating the agreement entered into by its CEO?a)Old customers should be offered a loyalty discount on the prices.b)Old customers can be offered a cash-back that they can redeem on the Vodafone store.c)Old customers should not be covered under the given agreement.d)Lower prices should be offered to old customers irrespective of the agreement.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: Bio, Birtel, and Vodafone are the three largest telecom companies in the country. The last 12 months have seen the three engaged in aggressive pirce wars with one another and consequently, have seen a drop in profitability for each of the companies. The CEOs of the three companies decided to meet each other and agreed upon a basic minimum tariff for 4G data service. Also, for telecom services, it has been decided that no free calling will be offered.The BIO CEO is not happy with agreement and even though he wishes to respect it, he wishes to introduce a scheme that helps him gain more customer (since BIO is the latest entrant into the market) by offering schemes that provide free calling and cheap data services.Vodafone, being the oldest player in the market, depends on its old and loyal subscriber base. Considering the new proposed minimum tariffs for all, which might lead to uniform rates for all, Vodafone fears an exodus of subscribers. What should it do in order to prevent such an outcome without violating the agreement entered into by its CEO?a)Old customers should be offered a loyalty discount on the prices.b)Old customers can be offered a cash-back that they can redeem on the Vodafone store.c)Old customers should not be covered under the given agreement.d)Lower prices should be offered to old customers irrespective of the agreement.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: Bio, Birtel, and Vodafone are the three largest telecom companies in the country. The last 12 months have seen the three engaged in aggressive pirce wars with one another and consequently, have seen a drop in profitability for each of the companies. The CEOs of the three companies decided to meet each other and agreed upon a basic minimum tariff for 4G data service. Also, for telecom services, it has been decided that no free calling will be offered.The BIO CEO is not happy with agreement and even though he wishes to respect it, he wishes to introduce a scheme that helps him gain more customer (since BIO is the latest entrant into the market) by offering schemes that provide free calling and cheap data services.Vodafone, being the oldest player in the market, depends on its old and loyal subscriber base. Considering the new proposed minimum tariffs for all, which might lead to uniform rates for all, Vodafone fears an exodus of subscribers. What should it do in order to prevent such an outcome without violating the agreement entered into by its CEO?a)Old customers should be offered a loyalty discount on the prices.b)Old customers can be offered a cash-back that they can redeem on the Vodafone store.c)Old customers should not be covered under the given agreement.d)Lower prices should be offered to old customers irrespective of the agreement.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Bio, Birtel, and Vodafone are the three largest telecom companies in the country. The last 12 months have seen the three engaged in aggressive pirce wars with one another and consequently, have seen a drop in profitability for each of the companies. The CEOs of the three companies decided to meet each other and agreed upon a basic minimum tariff for 4G data service. Also, for telecom services, it has been decided that no free calling will be offered.The BIO CEO is not happy with agreement and even though he wishes to respect it, he wishes to introduce a scheme that helps him gain more customer (since BIO is the latest entrant into the market) by offering schemes that provide free calling and cheap data services.Vodafone, being the oldest player in the market, depends on its old and loyal subscriber base. Considering the new proposed minimum tariffs for all, which might lead to uniform rates for all, Vodafone fears an exodus of subscribers. What should it do in order to prevent such an outcome without violating the agreement entered into by its CEO?a)Old customers should be offered a loyalty discount on the prices.b)Old customers can be offered a cash-back that they can redeem on the Vodafone store.c)Old customers should not be covered under the given agreement.d)Lower prices should be offered to old customers irrespective of the agreement.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.