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Factors that determine what to produce in a business
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[QUOTE="Ramolak19, post: 335940, member: 72962"] What a business should produce depends on a number of factors, such as consumer preferences, market demand, competition analysis, production costs, available resources, and technological capabilities. Finding possible goods or services that satisfy consumer demand can be aided by carrying out market research and examining consumer trends and wants. A business's ability to produce a specific good or service profitably and feasible can also be ascertained by taking into account the costs of production, the accessibility of resources, and technical advancements. [/QUOTE]
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Factors that determine what to produce in a business
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