Under deregulation,building societies lost market share to other financial institutions.Their response included:

Question

Quizplus · Accepted Answer

Building societies lost market share due to increased competition after deregulation. To respond to this, building societies adopted various measures such as merging with other building societies, making expenditure on technology to improve their services, and expanding their range of products to attract customers. Therefore, all the given options i.e., A, B, and C are correct.

Under Deregulation,building Societies Lost Market Share to Other Financial Institutions