Fundamental Questions
Quiz by Amy Van der Linden
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6 questions
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- Q1What are the three fundamental questions?Who produces it, What to produce, Where to produce itWhy produce it, Where to produce it, and How to produce itWhere to produce it, Who to produce for, and What to produceWhat to produce, Who to produce for, and How to produce it20s
- Q2The product needs to be high in _______ and low in _________.High in goods and low in servicesHigh in demand and low in supplyHigh in supply and low in demandHigh in quantity and low in quality20s
- Q3If a company considers what the consumers in the area want, which question are they considering?Where to produce?Who to produce for?What to produce?How to produce?20s
- Q4When a business thinks about what machinery to use to make their product, they are thinking about _____________.Why to produce it?How to produce it?What to produce?Who to produce for?20s
- Q5What is a company considering when they think about who needs or wants their product?Where to produce it?How to produce it?What to produce?Who to produce for?20s
- Q6A business has to come up with a _________ and __________ way to produce their goods.Harsh and crazySafe and efficientToxic and quickFast and easy20s