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Which of the following best describes ‘Shrinkflation’?a)The process of reducing the size or quantity of a product while maintaining its price.b)The act of inflating the size of a product without changing its price.c)The reduction of production costs by increasing the efficiency of manufacturing processes.d)The expansion of a companys product line to include more options for consumers.Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following best describes ‘Shrinkflation’?a)The process of reducing the size or quantity of a product while maintaining its price.b)The act of inflating the size of a product without changing its price.c)The reduction of production costs by increasing the efficiency of manufacturing processes.d)The expansion of a companys product line to include more options for consumers.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following best describes ‘Shrinkflation’?a)The process of reducing the size or quantity of a product while maintaining its price.b)The act of inflating the size of a product without changing its price.c)The reduction of production costs by increasing the efficiency of manufacturing processes.d)The expansion of a companys product line to include more options for consumers.Correct answer is option 'A'. Can you explain this answer?.

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