Chapter 5, Problem 2AA

To determine

To find the best word that fits in the blank.

Answer to Problem 2AA

Option (c) − Regional.

Explanation of Solution

There are various products in the market with various manufacturers producing heterogeneous products with different brand names and qualities. Products also differ in the context of the places. If a product is to be produced and its raw material required, is found in some particular part of the country, then that product would be a regional brand of that particular region. So such products are regional and they are available in certain areas of the country only.

No other option fits in the blank as an answer except the option ‘regional’ as it describes the regionality or area of the product or the brand it is produced in.

Economics Concept Introduction

Introduction:

Brands: Brand is defined as a product produced by a particular producer who holds the rights and liability on the product produced. Brand of a product holds an image and goodwill in the market which helps in creating trust of the people.