Which Statement Is True Concerning Long-Run Decisions

question 141

Multiple Choice

Which statement is true concerning long-run decisions?

• A)Long-run decisions include pricing a minor product in a minor market.
• B)Long-run decisions include pricing a minor product in a major market.
• C)Long-run decisions include pricing a main product in a minor market.
• D)Long-run decisions include pricing a main product in a major market.

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Definitions:

Associated

Connected or linked with something else in relation to ideas, feelings, or memories.

Reflex

It is an involuntary, immediate response to a specific stimulus without conscious thought.

Classical Conditioning

A learning mechanism where the consistent association of two stimuli leads to a response, initially evoked by the second stimulus, being evoked by the first stimulus alone over time.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.