Which of the Following Is a Short-Run Adjustment

question 98

Multiple Choice

Which of the following is a short-run adjustment?

• A)Toyota builds an automobile plant in Kentucky.
• B)Faced with increasing enrollment, a private college builds a new School of Business building.
• C)Because of staggering losses, three insurance companies exit the industry.
• D)People's Bank hires two new tellers to meet increased demand for customer services.
• E)Shaveco enters the razor blade market with a new product, produced in the United States.

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Definitions:

Quality/Design

The standard of something as measured against other things of a similar kind, and the process of conceiving and planning the structure and functionality of products.

Potential Hazards

Possible sources of danger or harm that may arise from activities, processes, or conditions.

Marketing Ethics

The area of applied ethics which deals with the moral principles behind the operation and regulation of marketing.

Ethical Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution or organization, specifically regarding moral and ethical issues.