Which of the statements below best illustrates the use of the market process in determining the allocation of scarce resources?
A. "Let's make this product because this is what we know how to do best."
B. "We should consider shifting to products where we can earn even more money."
C. "Everyone is opening video stores, why don't we?"
D. "We can't stop making this product. This product gave our company its start."
Answer:B
Which of the statements below best illustrates the use of the market process in determining the allocation of scarce resources?
A. "Let's make this product because this is what we know how to do best." B. "We should consider shifting to products where we can earn even more money." C. "Everyone is opening video stores, why don't we?" D. "We can't stop making this product. This product gave our company its start."