Multiple choice

Consumer durables major LG Electronics India has decided to hike prices of its products in almost all categories from November 1 to offset which of the following?

  1. Sharp depreciation of rupee against the dollar.

  2. Excess stock of products in the warehouse.

  3. Increase in production cost.

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

During the period mentioned, the significant depreciation of the Indian Rupee against the US Dollar increased import costs for electronic components, leading to price hikes.

Keep practicing — related questions