Profitability Can Be Increased in the Long Run If Expenses

question 123

True/False

Profitability can be increased in the long run if expenses can be reduced by more effective or more efficient spending.

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Definitions:

Income

Refers to the money received, especially on a regular basis, for work or through investments.

Normal Goods

Goods for which demand increases as consumer income rises, and falls when consumer income decreases, opposite to inferior goods.

Inferior Goods

Goods whose demand decreases as the income of consumers increases, in contrast to normal goods.

Income

Income generated regularly from employment or investments.