Please comment on the following statement: "A company could produce and sell any product as long as there is a market for it."© BrainMass Inc. brainmass.com October 10, 2019, 5:59 am ad1c9bdddf
Technically this is a true statement. Based upon the law of supply and demand, as long as there is demand for something (a product or service), then someone will attempt to fill that demand and/or create demand for a product or service.
There are plenty of examples of this:
* Reference the fad dealing with hula hoops - a created demand for a product associated with having fun and being ...
This is a brief over view related to the potential to sell any product or service within our economy.