Outline the factors that influence product mix.

Outline the factors that influence product mix.

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I) change in demand -due to the changes in population, changes in consumer income and changes in consumer behaviour

II) product efficiencies -when a firm expands it's production,it enjoys a number of advantages by utilizing it's resources like division of labour and specialization

III) use of waste -a company may produce by products by utilizing waste of byproducts

IV) Market influences - firms tend to enjoy large scale production so as to earn more profit

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Wincate 1 answered the question on October 5, 2017 at 18:34

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