What Type of Market Would Experience Problems by a Shift

question 205

Multiple Choice

What type of market would experience problems by a shift in cultural values away from accumulating material possessions to spending time with family and friends?

• A) travel services
• B) luxury cars
• C) provincial parks and picnic areas
• D) children's games and toys

---

Definitions:

Research and Development

A business or government activity that involves the investment of resources in innovation and improvement of products, services, or processes.

Effective Communication

Communication whereby the right people receive the right information in a timely manner.

Innovation

The process of introducing new ideas, methods, or products to improve efficiency, effectiveness, or competitive advantage.

Organizational Factors

Various elements within an organization that can influence its operations and outcomes, such as its structure, culture, and management practices.