question archive Indian Railways enjoys a monopoly in the country with regard to rail transportation as there is no other player in this segment
Indian Railways enjoys a monopoly in the country with regard to rail transportation as there is no other player in this segment
Subject:MarketingPrice:2.88 Bought11
Indian Railways enjoys a monopoly in the country with regard to rail transportation as there is no other player in this segment. Based on this, it can be concluded that Indian Railways enjoys a fairly simpler _____ environment as compared to the numerous road transport service providers in the country.
A) geographic
B) technology
C) competitor
D) supplier
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C) competitor
In the given situation, the Indian Railways exhibit the monopoly nature, that is, it is the only railway services of the country. Being the single seller, the Indian Railways has the sole responsibility of providing the services. It could be said that the railway firm does not have to face any competition.
