The Long Run Is

question 30

Multiple Choice

The long run is

• A) over one year.
• B) over five years.
• C) when all factors of production are fixed.
• D) the time period in which all factors of production can be varied.

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Definitions:

Audience Profile

An audience profile is a detailed description of the demographic and psychographic characteristics of the intended recipients of a message or product.

Purpose

The reason for which something is done or created, or for which something exists.

Meaningful Purpose

The significant and intentional aim or objective that drives an individual's or organization's actions.

Audience Analysis

The process of examining and understanding the characteristics, needs, and preferences of the intended audience of a communication.