Social Studies

Denise Banks

2 August, 05:14

Elaine found out that most brands of maple syrup in her country have artificial flavors. So she and her sister set up a small company to produce organic maple syrup. She hired a few food experts and workers to collect sap from maple trees. She also hired a supplier to make bottles for the syrup. Before entering the market, Elaine met with a number of her competitors to understand their reaction to her product. Which economic question did she fail to consider?

A.

What products should we make?

B.

How should we produce them?

C.

Who should receive the goods and services?

D.

Elaine considered all economic questions.