Question
When a bank offers different loan tenures and EMI
options to suit varied income groups, it is strengthening:Solution
Modifying tenure and EMI flexibility changes product features to meet diverse needs. Why others are incorrect: Promotion relates to communication; Place relates to distribution; Price discrimination changes interest rates, not tenure structure; Harvesting is decline strategy. Banking Example: 10-year vs 20-year home loan options.
If the speed ratio of A, B and C while covering the same distance is 7 : 3 : 1 then find the ratio of time taken by them.
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