Organic Growth Occurs When a Company Uses Its Own Resources

question 79

True/False

Organic growth occurs when a company uses its own resources to open a store on a greenfield site.

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Definitions:

Factor Inputs

The resources used in the production of goods and services, such as labor, land, and capital.

Long Run

A period in economics where all factors of production and costs are variable, allowing all inputs to be adjusted.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of a business to expand its output.

Isoquants

A curve representing all combinations of inputs that give the same level of output.