1. (A) The success of Ratna's restaurant, Pause Point, is solely due to the quality of food it offers.
(R) Factors of production like labor, capital, and entrepreneurship are essential for any business to thrive.
Key Concept: Assertion and Reason
d) Assertion is false, but Reason is true.
[Solution Description]
The assertion claims that the success of Ratna's restaurant is only because of the quality of food. However, while food quality is important, other factors like location, capital investment, labor, and entrepreneurial skills also play crucial roles in a business's success. The reason correctly states that factors of production (labor, capital, entrepreneurship) are essential for any business. Thus, the assertion is false as it oversimplifies the reasons for success, while the reason is true and provides a broader explanation of business success.
Your Answer is correct.
d) Assertion is false, but Reason is true.
[Solution Description]
The assertion claims that the success of Ratna's restaurant is only because of the quality of food. However, while food quality is important, other factors like location, capital investment, labor, and entrepreneurial skills also play crucial roles in a business's success. The reason correctly states that factors of production (labor, capital, entrepreneurship) are essential for any business. Thus, the assertion is false as it oversimplifies the reasons for success, while the reason is true and provides a broader explanation of business success.