In a command economy,

In a command economy,



a) Activities such as market research, branding, and advertising are performed frequently

b) Producers get to decide what and how much is to be produced and distributed

c) Producers have little choice about what goods and services to produce

d) The prices set by government planners tend to be very flexible and change according to supply and demand

e) consumers make society's production decisions through the choices they make in the marketplace



Answer: c) Producers have little choice about what goods and services to produce


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Principles of Marketing

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