The Increase in the Number of Hispanic Consumers in the United

question 67

Multiple Choice

The increase in the number of Hispanic consumers in the United States reflects which of the following demographic trends?

• A) change in age structure
• B) change in geographic distribution
• C) change in income distribution
• D) change in ethnic mix

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Definitions:

Resource Based Perspective

A management tool used to identify and evaluate resources within an organization to gain and sustain competitive advantage.

Elastic Demand

The characteristic of a good or service wherein its demanded quantity significantly changes due to changes in its price.

Organizational Structures

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including the roles and responsibilities of employees.

Barriers To Entry

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.