Older Adults That Control More Than 50% of Discretionary Income

question 75

Multiple Choice

Older adults that control more than 50% of discretionary income are considered the ________ market.

• A) boomer
• B) senior
• C) millennial
• D) echo boomer

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Definitions:

Total Cost

The complete amount of money required to purchase, produce, execute, or maintain something, including all related expenses and charges.

Contribution Margin

The selling price per unit minus the variable cost per unit, reflecting the amount contributing to covering fixed costs.

Variable Cost

Costs that vary directly with the level of production or with the volume of services provided.

Fixed Costs

Constant expenses, such as rent, salaries, and insurance, that are not influenced by the quantity of production or sales.