While a firm can plan for the long run,it must always operate in the short run.

Question

Quizplus · Accepted Answer

A firm needs to have a long-term strategy and plan for the future, but it also needs to operate in the present in order to achieve its goals and objectives. The short-term operations of a firm are important because they help to generate revenue, manage costs, and provide the resources needed to invest in the long-term growth of the company.

While a Firm Can Plan for the Long Run,it Must