When El Torito Restaurant is deciding to open a new restaurant location in another town, it is making a ________ decision.
A) labor
B) long-run
C) short-run
D) fixed-input

Question

Quizplus · Accepted Answer

Opening a new restaurant location involves long-term planning and investment decisions such as leasing or buying a property, hiring and training staff, purchasing equipment and supplies, and developing marketing strategies. These decisions fall under the category of long-run decisions, as they cannot be easily reversed in the short term.

When El Torito Restaurant Is Deciding to Open a New