Overproduction or underproduction of goods and services, misallocation of resources, and poor response times are the results of a firm's having

Question

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Inadequate information leads to a lack of understanding of demand and supply in the market, causing either overproduction or underproduction and misallocation of resources. Poor response times can also result from a lack of information, as firms may not be able to quickly adapt to changes in demand or other market conditions. Poor relationships with suppliers or customers may contribute to these problems, but inadequate information is the root cause. A surplus of information may lead to analysis paralysis, but it is not mentioned as a contributing factor to these specific problems.

Overproduction or Underproduction of Goods and Services, Misallocation of Resources