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

Question

Quizplus · Accepted Answer

Building warehouses is a significant investment of resources and requires long-term planning. A firm would not make this decision in the short-term, making it the most likely long-run decision among the options listed. The other choices are more suited to short-term decisions.

Which of the Following Is Most Likely a Long- Run