Question

Which factors are considered when deciding how to make goods and services? Choose three answers.

determining who has the greatest need
finances of prospective buyers
methods traditionally used to make goods
ways to produce items at a lower cost or higher quality
ways to make the biggest profit

Answer 1

- methods traditionally used to make goods
- ways to produce items at a lower cost or higher quality
- ways to make the biggest profit

Rationale: deciding "how" to produce focuses on production methods, improving cost and quality, and profitability. Determining who has the greatest need and buyers' finances relate more to "what" and "for whom" to produce.