Identify the situation(s)in which a production-oriented firm can survive or prosper in the market place.
A) When competition is weak
B) When demand exceeds supply
C) When competition is strong
D) When supply exceeds demand

Question

Quizplus · Accepted Answer

A production-oriented firm can survive when competition is weak, allowing it to focus on production efficiency. It can also prosper when demand exceeds supply, as it can sell all it produces without needing to focus on marketing.

Identify the Situation(s)in Which a Production-Oriented Firm Can Survive or Prosper