Magic Meals Is a Subscription Meal Delivery Service That Delivers

question 8

Multiple Choice

Magic Meals is a subscription meal delivery service that delivers healthy, already-prepared ingredients and recipes to its customers. The company wants to increase revenues by focusing on a new target market. Which of the following provides the best growth potential with the least additional investment?

• A) Targeting people with special dietary restrictions by developing new low-sodium meals
• B) Targeting overweight people by developing new low-calorie meals
• C) Targeting vegetarians and vegans by developing appropriate meals
• D) Targeting older adults by emphasizing the convenience and quality of existing products

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Definitions:

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simplified representations of complex economic processes or systems used to analyze behavior, make predictions, or provide insights into economic decision-making.

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A form of financial agreement in which one party lends money to another, with the expectation that the money will be paid back with interest.

Interest Rate

The cost of borrowing money, expressed as a percentage of the amount borrowed.

Opportunity Cost

Opportunity cost is the cost of the opportunity forgone to pursue one option instead of another, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.