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."

Question

Quizplus · Accepted Answer

This statement illustrates the use of the market process because it suggests that the company should consider shifting to products where they can earn more money. This indicates that the company is assessing market demand and potential profits in order to allocate resources more efficiently. The other statements do not necessarily consider market demand or potential profits and do not demonstrate a market-oriented allocation of resources.

Which of the Statements Below Best Illustrates the Use of the Market