Which consideration must be addressed when deciding for whom to produce? A) Who can be most creative with the product? B) Who has the largest resource pool? C) Who has the greatest need? D) Who can bring in the greatest profit?

A

The correct answer is C, which is who has the greatest need.

Explanation:

Creativity (Answer A) and the number of resources (Answer B) do not help decide the stakeholders of the product, while Answer D is not an easily measurable or correctly predictable number.

Every economy faces several problems, which need to be resolved to satisfy the market participants. A framework that fulfills previously unaddressed consumer wants is more likely to be efficient and earn a profit. Answer C allows identifying this unsatisfied group and effectively planning the means of its contentment.

In various countries, different arrangement exists for the facilitation of the production process. The Organisation for Economic Co-operation and Development (OECD) is one of the examples of a similar international institution.

How Decisions are Made in Market vs Command Economies.
How Decisions are Made in Market and Command Economies (Source: https://marketbusinessnews.com)
Answer by Academic.tip's expert
An answer to this question is provided by one of our experts who specializes in marketing. Let us know how much you liked it and give it a rating.

Cite this page

Select a citation style:

References

Academic.Tips. (2020) 'Which consideration must be addressed when deciding for whom to produce? A) Who can be most creative with the product? B) Who has the largest resource pool? C) Who has the greatest need? D) Who can bring in the greatest profit'. 2 April.

Reference

Academic.Tips. (2020, April 2). Which consideration must be addressed when deciding for whom to produce? A) Who can be most creative with the product? B) Who has the largest resource pool? C) Who has the greatest need? D) Who can bring in the greatest profit? Retrieved from https://academic.tips/question/which-consideration-must-be-addressed-when-deciding-for-whom-to-produce/

References

Academic.Tips. 2020. "Which consideration must be addressed when deciding for whom to produce? A) Who can be most creative with the product? B) Who has the largest resource pool? C) Who has the greatest need? D) Who can bring in the greatest profit?" April 2, 2020. https://academic.tips/question/which-consideration-must-be-addressed-when-deciding-for-whom-to-produce/.

1. Academic.Tips. "Which consideration must be addressed when deciding for whom to produce? A) Who can be most creative with the product? B) Who has the largest resource pool? C) Who has the greatest need? D) Who can bring in the greatest profit?" April 2, 2020. https://academic.tips/question/which-consideration-must-be-addressed-when-deciding-for-whom-to-produce/.


Bibliography


Academic.Tips. "Which consideration must be addressed when deciding for whom to produce? A) Who can be most creative with the product? B) Who has the largest resource pool? C) Who has the greatest need? D) Who can bring in the greatest profit?" April 2, 2020. https://academic.tips/question/which-consideration-must-be-addressed-when-deciding-for-whom-to-produce/.

Work Cited

"Which consideration must be addressed when deciding for whom to produce? A) Who can be most creative with the product? B) Who has the largest resource pool? C) Who has the greatest need? D) Who can bring in the greatest profit?" Academic.Tips, 2 Apr. 2020, academic.tips/question/which-consideration-must-be-addressed-when-deciding-for-whom-to-produce/.

Copy