The production of goods and services in anticipation of dema…

JAMB Commerce 2023 185 views
Source: JAMB · 2023

The production of goods and services in anticipation of demand is made possible by

  1. packaging
  2. warehousing ✓
  3. branding
  4. advertising
Explanation

Warehousing stores goods until buyers need them. This lets firms produce ahead of demand, such as storing rice or cement before a busy season.

Packaging, branding and advertising do not store goods.

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