Which of the Following Changes Is Seen as a Result

question 16

Multiple Choice

Which of the following changes is seen as a result of a rise in households with only one person?

• A)Increase in apartment building developments
• B)Decrease in the average size of new cars
• C)Decrease in the marketing of vacations
• D)Increase in single-serve food products

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Definitions:

Average Revenue

The revenue received per unit of goods or services sold.

Minimize Losses

A strategy or approach aimed at reducing the amount of losses incurred in a business or investment.

Highly Differentiated

Refers to products, services, or markets where there is significant variation in features, quality, or branding, making each distinct from others.

Marginal Revenue

The extra income a company gains by selling an additional unit of a product or service.