When Demand Uncertainty Is ________ ,Some Unused Capacity Is Desirable

question 15

Multiple Choice

When demand uncertainty is ________ ,some unused capacity is desirable.

• A)low
• B)non-existent
• C)average
• D)high

Understand the principles of organizing messages whether using direct or indirect approaches based on the anticipated reader's response.

Recognize the importance of structuring messages to elicit goodwill and positive responses from readers.

Identify the effective ways of presenting inquiries and responses to inquiries in professional communication.

Acknowledge the role of conciseness, clarity, and proper structuring in enhancing message comprehensibility.

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms producing identical products, where no single company has pricing power and market entry and exit are relatively easy.

Long-Run Adjustments

Long-run adjustments are changes made by firms or industries in response to shifts in market conditions over a longer period, involving variations in production levels and the entry or exit of firms.

Market Price

The present cost at which a service or asset is available for purchase or sale in a specific market.

Downward Sloping

Describes a line on a graph that shows a decrease in one variable as another variable increases, commonly used in economics to illustrate demand curves.