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Question 44 Decision Making 2016 Medium MCQ +1.00 marks · -0.25 negative

Purushottam Bhatnagar owns and operates a sweetshop Puru and Sons. He is about 60 years old and is eager to hand over the business to his sons Ratan and Pramod. He however, fears that his sons, fresh from college may not understand the tricks of the trade.

Purushottam's younger son Pramod discovered that 10% of their customers whom Purushottam called privileged customers purchased sweets at prices fixed 10 years ago (which is significantly lower than the current prices). Purushottam told him, "This 10% are my core and loyal customers with whom I have personal connect and therefore they deserve this privilege". Pramod refuted his father's argument citing the following information. 1. These customers are from the top 20% of the income bracket of the city. 2. These customers frequently purchase from other sweetshops at market prices. 3. None of them recognises and greets Purushottam at the shop or at anywhere else. 4. None of them was present at Pramod's marriage. 5. These customers actually buy sweets at Puru and Sons for others not part of the core and loyal customer group. Which of the following combination of the above will MOST LIKELY convince Purushottam to charge market price to all?

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