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What to produce also deal with what quantities to produce.
  • a)
      May be 
  • b)
    Can’t say 
  • c)
    No 
  • d)
    Yes
Correct answer is option 'D'. Can you explain this answer?
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What to produce also deal with what quantities to produce.a) May beb)C...
The quantity in which a commodity is to be produced is set at that level where demand equals supply. If quality produced is more or less, then there will be dis equilibrium in the market and price will fluctuate. Hence, to maintain stable equilibrium price it becomes necessary to make demand and supply equal. 
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What to produce also deal with what quantities to produce.a) May beb)C...
A) "What to produce" refers to the decision of which goods or services to produce in an economy. This decision is influenced by factors such as consumer demand, available resources, and production capabilities.

b) "Deal with what quantities to produce" refers to the decision of how much of each good or service to produce. This decision is influenced by factors such as market demand, production costs, and the availability of resources.

In summary, both "what to produce" and "what quantities to produce" are important considerations in the production decision-making process.
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Read the following text and answer the questions given below:'Hayaram' is a famous chain selling a large variety of products in the Indian market. Their products include chips, biscuits, sweets and squashes. It charges a comparatively higher price than its competitors as it sells quality products. Besides, it offers regular discounts to its customers and easy credit terms to its retailers. It has five of its own retail shops. It also sells its products through various grocery stores so that the products are made available to customers at the right place, in the right quantity and at the right time. It regularly uses different communication tools to increase its sales. But it is also concerned about the impact as the potential customers or the prospects can't be delivered the message compulsively. So there is one scheme the company has decided to launch where chips will be provided with an additional cold drink for a particular time period. It not only satisfies its customers but also provides employment to handicapped people.Q. "It charges a comparatively higher price than its competitors as it sells quality products." Identify the element of marketing mix stated above.

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What to produce also deal with what quantities to produce.a) May beb)Can’t sayc)Nod)YesCorrect answer is option 'D'. Can you explain this answer?
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