Social Studies, 11.03.2021 07:30 lefthandeddolan
It costs a company $50 materials, labor, and other costs to produce a certain style of backpack. However, in the current market, consumers are only willing to pay $40 for that kind of backpack. Following the profit motive, what should this company do? Choose all that apply.
A. Stop producing that style of backpack for the time being .
B. Finds ways to lower production costs .
C. Set the price above $50 .
D. Make as many backpacks as possible.
Answers: 1
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