Jill Is Looking into the Possibility of Opening Up a Day

question 181

Multiple Choice

Jill is looking into the possibility of opening up a day care centre in her community,because she is aware of many two-income families that need a place for their children to stay while the parents work.However,she is concerned about the long-term prospects for such a business.Jill believes the future of her centre will depend on whether birth rates and the number of two-income families remain high.These concerns illustrate how businesses can be affected by:

• A)econometric trends.
• B)demographic trends.
• C)holographic trends.
• D)psychometric trends.

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Definitions:

Optimization Strategy

A plan or method aimed at making the best or most effective use of resources within defined constraints to achieve a set goal.

Growth Related Profit

Profit that results from expansion in business size, output, or market share, indicative of a company’s growth.

Market Share

The proportion of total sales in a market captured by a particular company or product.

Good Quality Product

An item that meets or exceeds expectations in terms of performance, durability, and satisfaction.