Which of the Following Statements Is Correct

question 33

Multiple Choice

Which of the following statements is correct?

• A)A firm can operate in either the short run or the long run.
• B)While a firm can plan as if it is in the long run,it can operate only in the short run.
• C)The short run is a period of time of less than six months.
• D)The short run is a period of time of less than one year.

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Definitions:

Warehousing Needs

The requirements related to the storage, handling, and management of goods and materials in a warehouse.

Supplier Performance

The evaluation of how effectively and efficiently a supplier meets the requirements and expectations set by the buyer, including delivery, quality, and cost.

Intermediary

An intermediary acts as a middleman in the distribution chain, facilitating transactions between producers and end users.

Relationships

Connections or interactions between individuals or organizations that influence business operations and outcomes.