A Firm Can ________ Only in the Long Run

question 6

Multiple Choice

A firm can ________ only in the long run.

• A) reduce its sales-force size
• B) develop new products
• C) change its price
• D) modify advertising expenditures
• E) All of the above may be done in the short or long run.

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Definitions:

Critical Thinking Skills

The ability to engage in reflective and independent thinking to logically question ideas and assumptions rather than accepting them at face value.

Positive Disposition

A tendency to maintain a hopeful and optimistic attitude, often leading to positive outcomes.

Micromanager

A manager or supervisor who excessively controls or oversees the work of their subordinates, often in a detailed and invasive manner.

Ethical Person

An individual who consistently exhibits behaviors and decisions guided by a set of moral principles, values, and standards.