In the Long Run, Only Fixed Costs Can Change; Variable

question 48

True/False

In the long run, only fixed costs can change; variable costs cannot.

---

Definitions:

Baby Boomer Market

The demographic group born between 1946 and 1964, often targeted by marketers for their significant purchasing power.

Marketing Efforts

Activities and strategies implemented by a company to promote and sell its products or services, including advertising, sales promotions, public relations, and direct marketing.

Baby Boomers

The demographic cohort following World War II, typically defined as those born from 1946 to 1964.

Recent Retiree

An individual who has recently ended their professional career or period of employment, entering into retirement.