2
QuizMultiple Choice

The Three Questions of Economics

Question 2 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Fantastic Snack Company has spent months developing a new type of snack chip, but the chips are not selling. Which of the following is the most likely mistake Fantastic Snack Company made?

Answer
A
conserving too valuable resources
B
spending capital it did not have
C
not researching production methods
D
not meeting the wants of its consumers

Explanation

A product is unlikely to sell if it does not match what consumers want. Fantastic Snack Company spent months developing the chips, but their poor sales suggest the company may not have researched or responded to customer preferences. The most likely mistake is not meeting the wants of its consumers.

AI-written and checked against the verified answer.

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