Which of the Following Represents a Long-Run Adjustment

question 4

Multiple Choice

Which of the following represents a long-run adjustment?

• A) the hiring of four additional cashiers by a supermarket
• B) a cutback on purchases of coke and iron ore by a steel manufacturer
• C) construction of a new assembly-line plant by a car manufacturer
• D) the extra dose of fertilizer used by a farmer on his wheat crop

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Definitions:

Profit Responsibility

The obligation or duty of a company to maximize profits for its shareholders or owners, while maintaining ethical practices.

Mass Marketing

A marketing strategy that aims to reach a wide audience through broad communication channels and generic messages.

Corn-Based Resins

Bioplastic materials derived from corn starch, used as an environmentally friendly alternative to petroleum-based plastics for various applications.

Green Marketing

Marketing efforts designed to communicate and promote the environmental benefits of a product or service.