Producer decisions

Key concept indicators

For producer choices related to at least two of the following: goals, resource use, productivity, business expansion, price and non-price marketing:

• Present information related to producer choices (for example, after doing research presents the price and non-price strategies used by a firm) and use this to support explanations of production decisions.
• Explain production decisions made by a firm (for example, explains the reason for a firm choosing to horizontally integrate).
• Explain consequences of production decisions for the producer (for example, explains the impact of a decision that improves productivity on the firm making the decision).
• Explain consequences of production decisions for the producer (for example, explains the impact of a decision to set a goal of profit maximization for society).

Possible context elaborations

Content in preparation.

Last updated May 9, 2013

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