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What else can I help you with?
What factors influence which products firms choose to produce?
In simple terms Supply and demand
What is an important advantage of a free market?
it offers a wide variety of goods and services
Why in a free market there is competitive prices offered?
Because in a free market, consumers have to choose between different companies. A company always wants more customers than all the other companies, so it will make its prices slightly lower, thus, encouraging consumers to buy their products at that particular companies stores.
How does the nations government choose which public goods and services to produce?
The nation's government choose which public goods and services to produce because its a command market which allow the government to make all the choices.
What is the substitute products definition and how do they impact consumer choices in the market?
Substitute products are goods or services that can be used in place of each other. They impact consumer choices in the market by providing alternatives that consumers can choose from based on factors like price, quality, and availability. When there are more substitute products available, consumers have more options and may switch between products based on their preferences and needs. This can lead to increased competition among products and influence pricing and market dynamics.
How do you choose fresh and high quality produce?
pardon?do you mean vegetable and fruit?Or farmer products?If it is,you just look over their colors and the touch feeling.
Why would a customer choose to buy fair trade products rather than a different brand?
Because the companies marketing the products claims that the local producers always get a fair price from them for their produce.
What is the best garage door company near me that offers reliable services and high-quality products?
To find the best garage door company near you that offers reliable services and high-quality products, consider researching local companies, reading reviews, and asking for recommendations from friends or family members. Look for companies with a good reputation, experienced technicians, and a range of quality products to choose from.
How is Kitemark useful?
The British Standards kitemark is a nationally recognised symbol of quality, which helps people choose quality products.
What factors influence which products firms choose to produce?
In simple terms Supply and demand
Why does competition among producers result in lower prices and better product quality and customer service?
It is a matter of basic Economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
What companies specialize in comparing cell phone products?
Consumer report companies are good to use to compare cell phone products. They give you good reviews of what to expect from each cell phone and help you to choose which is best for you.
Why should be choose Handmade products?
The quality of handmade products is typically much higher. There is a significant amount of attention to detail required to make things by hand.
Why does competition among producers result in lower prices better product quality and better customer service?
It is a matter of basic Economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
Why does competition among producers result in lower prices and better product quality and customer service service?
It is a matter of basic economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
What mobile companies offer the high performance products?
There are numerous mobile phone companies to choose from in the United States. Each one claims to offer high performance products. T-Mobile, Sprint, Verizon and AT&T are just a few of the companies that offer mobile phone service.
Why do some people choose to buy certain products or services over others?
People choose to buy certain products or services over others based on factors such as quality, price, brand reputation, personal preferences, and perceived value.
