If a firm determines that it is not possible to produce a product under the allowable cost, the best course of action is always to abandon the product.

Name: If a firm determines that it is not possible to produce a product under the allowable cost, the best course of action is always to abandon the product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The firm may explore other options such as redesigning the product, finding cost efficiencies, or adjusting the pricing strategy before deciding to abandon the product.

If a Firm Determines That It Is Not Possible to Produce