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Health Clubs Typically Experience an Increase in One-Year Memberships in January

question 245

Multiple Choice

Health Clubs typically experience an increase in one-year memberships in January, but many new customers cancel their memberships before the end of the year. Which of the following is the best explanation for this behavior?


Definitions:

Economic Factor

Any of the various elements that influence the economy of a region or country, such as inflation, employment rates, and GDP growth.

PEST Analysis

A crucial instrument for businesses, designed to pinpoint, examine, and track the wide-ranging environmental influences that could significantly affect a company's success.

Offshoring Backlash

Negative public and political reaction against companies moving production or services to another country to reduce costs, often leading to job losses in the home country.

Technological Factor

An aspect of the external environment that represents how advances in technology can impact business operations and market competitiveness.

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