In the long run, for a business to remain in operation, the selling price of a product should normally cover all costs and expenses and provide a reasonable income.

Question

Quizplus · Accepted Answer

If the selling price of a product does not cover all costs and expenses and does not provide a reasonable income, the business will eventually become unprofitable and may not be able to continue operating in the long run.

In the Long Run, for a Business to Remain in Operation