Firms Operating at 100% Capacity

question 72

Multiple Choice

Firms operating at 100% capacity

• A) are common.
• B) are the exception rather than the rule.
• C) have no fixed costs.
• D) have no variable costs.

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Definitions:

Positioning

A marketing strategy that aims to establish a brand or product in the mind of consumers, distinguishing it from competitors.

Target Market

A specific group of consumers at which a company aims its products and services.

Responsive

Reacting quickly and positively to changes or needs.

Happy Hour

A promotional event typically held in bars and restaurants offering discounted prices on drinks and sometimes food during specific hours.