The correct answers are the following:
- the availability of the item
- the cost of the item
- the quality of the item
The factors of production, affect the supply-side of the market and determine the amount of a certain good or service that producers are willing to offer at the different price levels. The scarcity or abundance of the factors used in the production process, will determine the availability of the final product in the market. Moreover, the cost and the quality of the inputs and raw materials employed in the manufacturing process, will determine the price at which the product is supplied and the competitive strategy adopted by the company to place the product in front of the potential consumers.
