Which of the following is most likely a long- run decision for a firm?
A)The number of workers to hire.
B)The hours a store should stay open.
C)How many warehouses to build.
D)The price at which to sell the product.
E)The amount of inventory to stock.

Question

Quizplus · Accepted Answer

Building warehouses is a long-run decision because it involves significant investment, time, and planning. It is not a decision that can be easily changed in the short-run, and it has a significant impact on the firm's operational capacity to store and distribute products. The other options are more likely to be short-run decisions that can be adjusted relatively quickly.

Which of the Following Is Most Likely a Long- Run