A Bagel Shop That Decides to Open Up an Hour

question 58

Multiple Choice

A bagel shop that decides to open up an hour earlier every morning is taking advantage of a ________ opportunity.

• A) market penetration
• B) diversification
• C) retail format development
• D) market depletion
• E) market divestment

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Definitions:

Rate of Return on Investment

A measure of the profitability or efficiency of an investment, calculated as the ratio of net profits to the initial cost of the investment.

Balance Sheet

A report that outlines the financial standings of a company, including assets, obligations, and owners' equity, at a given time.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, culminating in net income or loss.

Owners' Equity

The residual interest in the assets of an entity after deducting liabilities, essentially representing the owners' claim against the company's assets.