Question

select all the correct answers.
which two of the following are important factors in a company’s decision to produce and sell a good or service?

• whether the company can make a profit from producing and selling the good/service
• marketing costs
• consumers’ needs and wants
• what products and services are popular in other countries
• advertising costs

Explanation:

To determine the important factors for a company's production and sales decision:

1. Profitability: A company's primary goal is to earn profit, so checking if profit is achievable from producing and selling the good/service is crucial.
2. Consumers’ Needs and Wants: For a product/service to be successful, there must be a market (consumers) who need or want it. If there's no demand, production/sales won't be viable.

Marketing costs, advertising costs, and popularity in other countries are secondary or less critical compared to these two core factors (profitability and consumer demand).

Answer:

• whether the company can make a profit from producing and selling the good/service
• consumers’ needs and wants