The Decision About What Goods and Services Will Be Produced

question 84

Multiple Choice

The decision about what goods and services will be produced in a market economy is made by:

• A)lawmakers in the government voting on what will be produced.
• B)workers deciding to produce only what the boss says must be produced.
• C)producers deciding what society wants most.
• D)consumers and firms choosing which goods and services to buy or produce.

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Definitions:

Observable Culture

Aspects of an organization's culture that can be seen or felt, such as rituals, ceremonies, dress codes, and physical layout, offering insights into the organization's values.

Marketing Director

A professional responsible for overseeing and guiding a company's marketing strategy, campaigns, and team.

Environmental Culture

The collective practices, beliefs, and values regarding environmental conservation and sustainability within an organization or society.

Peripheral Culture

Elements of organizational culture that are not central to the core values but still contribute to the overall environment.