Lovelies Is the Leading Workout and Fitness Center for Women

question 51

Multiple Choice

Lovelies is the leading workout and fitness center for women. The regional chain of gyms has traditionally catered to women forty and older who are interested in strength and cardio-vascular training. Lovelies has recently begun promotions to bring younger women into its gyms. This is an example of how the market leader ________.

• A) competes with mature products
• B) changes its product line
• C) develops new rules
• D) develops new users
• E) increases competition

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Definitions:

Benefits-Received Principle

An approach to funding public goods and services where payments are made by those who benefit from them, matching payment to benefit received.

Tax System

The organized method by which a government collects taxes from its citizens and businesses to fund public services and infrastructure.

Revenue

The total income generated by a business or organization from its activities, before any expenses are deducted.

Proportional Tax

A tax system where the tax rate is fixed and applied equally to all income levels, resulting in taxpayers paying the same percentage of their income regardless of earnings.