Question

Production of a new brand of shoes is an example of_____

a. where to produce
b. for whom to produce
c. what to produce
d. how to produce

Answer 1

The answer is (C. what to produce), because the "production of a new brand of shoes" already tells you right there what they are producing, Shoes!

Answer 2

Answer:

c. what to produce

Explanation:

What to produce, when to produce, how to produce, and for whom to produce are the basic questions surrounding the productive activities of an economy. Production involves the possibility of making a profit and for that there is a need for inputs, facilities and productive knowledge, but also a demand for the product and a reward in the form of profit.

The production of a new footwear brand is part of the initial production decision process. It is the stage when the business owner chooses what he or she wants to produce. Then, after this decision, he or she will assess the feasibility of producing this new shoe brand (how to produce) and the consumer market (for those who produce).