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When deciding which goods to produce, key considerations include market demand, production costs, and competitive advantage. Understanding consumer preferences and trends is crucial to ensure that the goods meet market needs. Additionally, evaluating the cost of resources and production efficiency can impact profitability. Lastly, assessing the competition helps identify unique selling points and potential market positioning.
What else can I help you with?
What factors prevents private companies from deciding to produce public goods?
The profit motive
When trying to decide what to produce businesses will lok at the demand for their goods?
Businesses will look at the demand or potential demand for their goods when deciding what to produce. They will consider both immediate and future demand.
The process of deciding the best way to use an organization's resources to produce goods and services is known as?
management
What can not be done by the government in a command economy?
Deciding what goods consumers buy.
What is Aggregation for manufactured goods typically based on?
Marketing considerations
What factors prevents private companies from deciding to produce public goods?
The profit motive
When trying to decide what to produce businesses will lok at the demand for their goods?
Businesses will look at the demand or potential demand for their goods when deciding what to produce. They will consider both immediate and future demand.
The process of deciding the best way to use an organization's resources to produce goods and services is known as?
management
What can not be done by the government in a command economy?
Deciding what goods consumers buy.
Did China produce goods?
Yes, China did produce goods.
What is Aggregation for manufactured goods typically based on?
Marketing considerations
What commodities are produce how are goods produce and for whom are goods produce?
they let the customers and citizens decide.
What cannot be done by the government in a command economy?
deciding what goods consumers buy
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What is the definition of trade?
Trade is the buying and selling of goods and services, for money - or other considerations.
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
Why is interstate commerce so important to the development of the country and its economy?
Each state can market the goods they produce and make a living.
