contestada

In order to compete successfully, a producer must produce goods that are

more expensive than those of competitors.
of a lesser quality than those of competitors.
of a higher quality than those of competitors.
created without worrying about the costs of production.

Respuesta :

quasarJose

Answer:

of a higher quality than those of competitors.

Step-by-step explanation:

To compete successfully, a producer should ensure that they must produce goods that are of a higher quality than those of their competitors.

The quality of a product is usually a deterministic characteristic of how the public will receive such material.

  • A quality good produced gives consumers better value for money spent in procuring them.
  • This will ensure a high reliability on the part of the consumers towards the producers.
  • Even at higher prices, most consumers will crave for a good and quality product since they are rest assured of getting maximum value from it.

Therefore, a higher quality of goods produced will make a producer compete more successfully.

Answer:

C) Of a higher quality than those of competitors.

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