Many Futurists Advocate Studying the Emerging Trends in Society and Deriving

question 28

Multiple Choice

Many futurists advocate studying the emerging trends in society and deriving product opportunities from them. A team of experts from the consulting firm Social Technologies identified six important and provocative modern trends. Which of these trends is most likely to influence consumers to make spur-of-the-moment decisions?

• A) Co-creation
• B) Just-in-time life
• C) Sensing consumers
• D) The transparent self

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Definitions:

Vouchers

Documents serving as evidence for transactions, such as payments or receipts, and authorize the related accounting entries.

Currency

Currency is a system of money in general use in a particular country, facilitating the buying and selling of goods and services.

Cash Shortage

A Cash Shortage occurs when the actual cash on hand is less than the expected amount, often due to errors or theft.

Petty Cash Account

A small amount of cash kept on hand for making minor business expenses, managed through a system of vouchers for tracking.