Which of the Following Is a Short Run Adjustment

question 141

Multiple Choice

Which of the following is a short run adjustment?

• A) A bakery hiring two additional bakers.
• B) Two new firms enter the textile industry.
• C) Three firms leave the bicycle industry.
• D) A computer hardware company builds a new factory.

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Definitions:

Differentiation

The act of making a product, service, or business stand out from its competitors by highlighting unique features or qualities.

Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.

Effectiveness

The extent to which an action achieves its intended result or effect.

Competitive Advantage

Competitive advantage is the attribute that allows an organization to outperform its competitors, often through unique resources, capabilities, or positioning.