Philip Morris Capitalized on the Growing Health Consciousness Trend When

question 78

Multiple Choice

Philip Morris capitalized on the growing health consciousness trend when it acquired Miller Brewing Company, and then redefined competition in the beer industry with its introduction of low-calorie beer (Miller Lite) . This health trend represents which type of force?

• A)Social
• B)Political
• C)Legal
• D)Technological
• E)Demographic

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Definitions:

Occupational Discrimination

Unfair treatment of workers based on characteristics unrelated to job performance, such as race, gender, or religion.

Universal Basic Income

is a social welfare program where a government provides its citizens with a regular, unconditional sum of money, regardless of employment status or income.

Incentives To Work

Factors or motivations that encourage individuals to participate in the workforce, including wages, benefits, and working conditions.

Business Cycle

Recurring increases and decreases in the level of economic activity over periods of years; consists of peak, recession, trough, and expansion phases.