Karen Has Identified Four Potential Market Segments for Her Rent-A-Chef

question 18

Multiple Choice

Karen has identified four potential market segments for her Rent-A-Chef home meal catering service. She will now evaluate the attractiveness of each segment by considering whether those segments are all of the following except

• A) substantial.
• B) responsive.
• C) profitable.
• D) reachable.
• E) realistic.

---

Definitions:

Isoquant

An isoquant is a curve that represents all the combinations of inputs that produce the same level of output in production theory.

Production Function

A mathematical representation that describes the relationship between inputs and outputs in the production process.

Output

The total amount of goods or services produced by a company or an economy.

Indifference Curves

A graph showing different bundles of goods between which a consumer is indifferent, reflecting the consumer's preferences.