Question

Which of the following will be accomplished by assessing the factors of production?

A. ensuring economic profitability

b. understanding whether a product will fail

c. guaranteeing the fulfillment of needs and wants

d. replenishment of limited resources

Answer 1

I believe the answer is: c. guaranteeing the fulfilment of needs and wants

By assessing the factors of production, we could gauge the amount of supply that we can make from the remaining factors of production and how much time we can expect to do it.

If we ensure that we only receive an order according to our production capability, we will guarantee that all costumers needs and wants are fulfilled.