Questions

Kandoori festival is a festival which is celebrated by the Muslims of South India every year with great enthusiasm and grace. The festival is celebrated in commemoration of the anniversary of the saint's death, and pilgrims participate in the rituals and rites.

The 462nd annual Kandoori festival has commenced at nearby Nagore Dargah, a famous Muslim pilgrim centre in Tamilnadu.

Inquilab Zindabad means "Long live the revolution!". The slogan Inquilab Zindabad was given by Hasrat Mohani.

Al Aziziyah, the hottest place on earth is located in Libya, in North Africa. On 13 September 1922, a high temperature of 58.0 °C was recorded in Al Aziziyah.

This is considered the highest temperature ever measured on Earth.

Capitalism is an economic system followed by a country or a society which is characterized by Privately owned businesses, a market economy and profits.

Capitalism is defined as "production for exchange" driven by the desire for personal accumulation of money receipts in such exchanges, mediated by free markets. The markets themselves are driven by the needs and wants of consumers and those of society as a whole in the form of the bourgeois state.

In the light of competition, it may be seen that competitors may initiate price changes. If the cutting off on prices does not affect the company, then the current pricing strategy itself can be continued to maintain the profitability of the company. However if the price change on one firm is affecting the other, then it can:

a.reduce the product price at par with competitors’ price or below competitors’ price

or

b. Provide added advantage to the existing product like better quality, or ‘a buy one get one free’ offer.

or

c.Provide better quality of the product at a higher price thereby not being at par with the competitors.

West Bengal