Innovation allows producers to
A- create goods that draw consumer attention.
B- follow restrictions that the government imposes.
C- avoid competing with similar businesses.
D- offer warranties for all of their products.
A- create goods that draw consumer attention.
B- follow restrictions that the government imposes.
C- avoid competing with similar businesses.
D- offer warranties for all of their products.
Answers & Comments
Answer:
Option-A Creates goods that draw consumer attention.
Explanation:
Option-B is ruled out because if government is not involved in the market that promotes innovation then it loses a chance of earning Indirect taxes charged on goods. More precisely, no country in present time is a perfect example of Capitalist Economy.
Option-C is ruled out because innovation keeps the business in competition and maximizes the chance of setting up the benchmark of a business.
Option-D is ruled out because a product that gives longer service without giving a warranties have better customer base. Allow people to know your by your quality not by brand name.. Innovation brings quality.