In the Long Run

question 54

Multiple Choice

In the long run,

• A)most of the firm's resources cannot be varied.
• B)none of the firm's resources are variable.
• C)new technology cannot be introduced.
• D)all of a firm's resources are variable.
• E)at least one of the firm's resources is fixed.

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Definitions:

Expansion And Growth

Strategic actions taken by a business to increase its size, revenue, or market presence, either through organic growth or acquisitions.

Serial Entrepreneur

Person who starts one business, runs it, and then starts and runs additional businesses in succession.

Social Media

Online platforms and technologies that facilitate social interaction, content sharing, and community building among users.

Marketing Firm

A company that specializes in creating strategies to promote, sell, and distribute products or services for their clients.