Explain the challenges and opportunities for car manufacturers in Indian Market? (10 Marks) What are economies of
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Question:
Explain the challenges and opportunities for car manufacturers in Indian Market? (10 Marks)
What are economies of scale? Where do the economies of scale for Maruti come from? (10 Marks)
How can Maruti sustain its profitability in the future?
Outline the important determinants of demand for automobiles. How are cross and income elasticity of demand relevant to Maruti's managerial decisions??
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