An Industry Whose Total Output Can Be Increased Without a Change

question 216

Multiple Choice

An industry whose total output can be increased without a change in long-run per-unit costs is a(n)

• A) increasing-cost industry.
• B) constant-cost industry.
• C) break-even cost industry.
• D) decreasing-cost industry.

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Definitions:

Market Focus

Market focus refers to a strategic orientation where a business channels its efforts and resources towards serving a particular market segment or niche effectively.

Sales Orientation

A business approach that prioritizes selling as many products or services as possible, often without a specific focus on customer needs or product quality.

Specific Needs

Particular requirements or desires of an individual or entity.

Henry Ford

American industrialist and founder of Ford Motor Company who revolutionized factory production with his assembly-line methods.