In Business Forecasting, What Is Usually Considered a Short-Term Time

question 67

Multiple Choice

In business forecasting, what is usually considered a short-term time period?

• A) Four weeks or less
• B) More than three months
• C) Six months or more
• D) Less than three months
• E) One year

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Definitions:

Diseconomies of Scale

The situation where a company or business grows so large that the costs per unit increase, leading to inefficiency.

Constant Returns to Scale

A condition in production where increasing the inputs results in a proportional increase in output.

Diseconomies of Scale

A condition in which a firm experiences increased costs per unit when it scales up its production due to inefficiencies.

Output Q₁

A specific quantity of goods or services produced by a firm or economy at a given time, indicated as "Q₁" to denote a particular level of output.