It was reported that General Motors planned to essentially quitmaking cars and trucks in the United States for nine weeks frommid-May through July 2009 and Omaha Power planned to close one ofits nuclear plants permanently. Based on these particular newsreports, what is the difference between GM’s and Omaha Power’sdecisions?
a. Omaha Power was trying to get rid of excess inventory, and GMwas trying to become more efficient.
b. GM was trying to maximise profits while Omaha Power wastrying to minimise losses.
c. GM’s decision to idle plants was a short-run shutdowndecision. Omaha Power, by contrast, made a long-run decision toexit a specific market.
d. There is no difference between GM’s and Omaha Power’sdecisions; both were trying to get rid of excess inventory.
It was reported that General Motors planned to essentially quit making cars and trucks in the United States for nine wee
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