Smaller Family Sizes Made Jim Change His Used Vehicle Business

question 67

Multiple Choice

Smaller family sizes made Jim change his used vehicle business to sell fewer minivans and promote more crossovers and sedans.Which trend is this related to?

• A) economic
• B) sociocultural
• C) political legal
• D) global

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Definitions:

High-Performance

Describes systems or individuals operating at an exceptionally high level of activity, efficiency, or quality.

Selective Hiring

The practice of rigorously screening and selecting candidates for employment to ensure they align with the company's culture and objectives, often seen as critical for maintaining high standards and performance.

Competitive Pay

A salary or wage structure designed to attract and retain employees by matching or exceeding the compensation offered by competing firms.

Competitive Advantage

A situation or factor that gives a business a competitive edge or advantage over its rivals.