Which of the Following Did Paradise Kitchens Considered an Opportunity

question 3

Multiple Choice

Which of the following did Paradise Kitchens considered an opportunity?

• A)unique, high-quality, high-price products
• B)many lower-quality, lower-price competitors
• C)lack the economies of scale of huge competitors
• D)Consumer income is high and convenience is important to U.S. households.
• E)more households "eating out" and bringing prepared take-out into the home

---

Definitions:

Price Level

An indication of the average prices of goods and services in an economy at a specific time, often used to measure inflation.

Nominal Wages

The amount of money paid to an employee before adjustments for factors like inflation, not reflecting the real purchasing power of the income.

Real Wages

Wages adjusted for inflation, representing the actual purchasing power of income received by workers.

Nominal Wage

The wage earned by a worker expressed in current dollars, without adjustments for inflation.