Which of the Following Would Lead to an Increase in the Demand

question 256

Multiple Choice

Which of the following would lead to an increase in the demand for fast food in Chicago?

• A) An increase in Chicago's population
• B) A decrease in average consumer income in Chicago.
• C) A front page newspaper article in Chicago stating that fast food is very bad for your health.
• D) A decrease in the average price charged by sit-down restaurants.

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Definitions:

Break-even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no profit or loss.

Marketing Manager

A professional responsible for planning, executing, and overseeing marketing strategies to promote products or services.

Advertising Budget

The amount of money a business plans to spend on marketing and promotion activities.

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, indicating how much contributes to covering fixed costs and generating profit.