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It costs a company $50 materials, labor, and other costs to produce a certain style of backpack. However, in the current market, consumers are only willing to pay $40 for that kind of backpack. Following the profit motive, what should this company do? Choose all that apply.

A.Stop producing that style of backpack for the time being .


B.Finds ways to lower production costs .

C.Set the price above $50 .

D.Make as many backpacks as possible.

User Less
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1 Answer

14 votes

Answer:

B

Step-by-step explanation:

User Mdzeko
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