How Might a Firm Efficiently Anticipate That a Project Might

question 49

Multiple Choice

How might a firm efficiently anticipate that a project might grow in size so that it could adjust easily to such growth?

• A)The firm could borrow extra funds initially to use in case demand exceeded expectations.
• B)The firm could build,rent or take an option for increased capacity to accommodate demand in excess of the demand originally anticipated.
• C)The firm could wait to commit to the project until the demand was known.
• D)The firm could contract with competitors to produce to meet any demand that the firm could not meet.

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Definitions:

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