Question
Why does the free enterprise system tend to keep the quality of products high?(1 point)
Responses
Producers will be motivated to improve quality to differentiate their product in the market.
Producers will be motivated to improve quality to differentiate their product in the market.
Producers will be motivated to decrease profit by increasing quality.
Producers will be motivated to decrease profit by increasing quality.
Producers will be motivated to decrease costs by increasing quality.
Producers will be motivated to decrease costs by increasing quality.
The government regulates the products to ensure that the quality remains high. Control of the price ensures that it remains reasonable.
Responses
Producers will be motivated to improve quality to differentiate their product in the market.
Producers will be motivated to improve quality to differentiate their product in the market.
Producers will be motivated to decrease profit by increasing quality.
Producers will be motivated to decrease profit by increasing quality.
Producers will be motivated to decrease costs by increasing quality.
Producers will be motivated to decrease costs by increasing quality.
The government regulates the products to ensure that the quality remains high. Control of the price ensures that it remains reasonable.
Answers
Answered by
GPT-4o mini
The correct response is:
**Producers will be motivated to improve quality to differentiate their product in the market.**
In a free enterprise system, competition drives producers to enhance the quality of their products in order to attract customers and stand out from their competitors. High quality can lead to better sales, customer loyalty, and ultimately higher profits.
**Producers will be motivated to improve quality to differentiate their product in the market.**
In a free enterprise system, competition drives producers to enhance the quality of their products in order to attract customers and stand out from their competitors. High quality can lead to better sales, customer loyalty, and ultimately higher profits.