If a Producer Is Not Able to Expand Its Plant

question 201

Multiple Choice

If a producer is not able to expand its plant capacity immediately, it is

• A)bankrupt.
• B)operating in the long run.
• C)operating in the short run.
• D)losing money.

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Definitions:

Growth Strategy

A plan of action designed to achieve a higher level of market share or company size, often through expansion, product development, or acquisition.

Aggressive Recruitment

A proactive approach to finding and attracting candidates for employment, often using bold strategies and techniques.

Rapidly Rising Wages

A situation where the remuneration for employees increases at a fast pace within a short period.

Increased Job Creation

The process of generating more employment opportunities within an economy or a specific sector.