Statement The company has decided to increase the price of all its product to tackle the precarious financial position.Assumptions I. The company may be able to wipe out the entire losses incurred earlier by the decision.II. The buyer may continue to buy its product even after the increase.III. The company has adequate resource to continue production for few more months.

Statement The company has decided to increase the price of all its pr

1.	Statement The company has decided to increase the price of all its product to tackle the precarious financial position. Assumptions I. The company may be able to wipe out the entire losses incurred earlier by the decision. II. The buyer may continue to buy its product even after the increase. III. The company has adequate resource to continue production for few more months.
A.	None is implicit
B.	II and III are implicit
C.	I and III are implicit
D.	Only II is implicit
Answer» B. II and III are implicit

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