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What factors must a firm take into account when deciding on the product(s) to produce?

Give factors that a firm must take into account when deciding on the product(s) to produce.

Answers


Maurice
(i) Cost of production.

(ii) Extent of demand/ market.

(iii) Government policy.

(iv) Availability of resources.

(v) Level of competition.

(vi) Profitability of the venture.
maurice.mutuku answered the question on July 21, 2017 at 08:04

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