What is the key incentive that motivates a manufacturer to sell its products?
a. making profits on sales
b. pleasing the consumer
c. putting others out of business
d. popularity of the product
Ans: a. making profits on sales
Economics
You might also like to view...
To help pull an economy out of a recession and put additional income in the hands of the public, a government can force its expenditures to ________ its revenues and create a ________
A) reduce; deficit B) exceed; special taxes C) stimulate; depression D) exceed; deficit
Economics
If the absolute price elasticity of demand of a good is 1.8, then the total revenues will increase if its market price
A) increases. B) decreases. C) stays the same. D) changes, but we can't tell without more information if the price increases or decreases.
Economics