As Chief of New Product Development for a U

question 82

Multiple Choice

As chief of new product development for a U.S. consumer goods firm, Carmen should be very aware that ________ is likely to have the greatest influence on consumer preferences for the next few decades.

• A) changes in religion
• B) the aging of the population
• C) declining birth rates
• D) increasing inflation

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Definitions:

Across Cultures Competency

The ability to effectively operate and communicate in various cultural environments, respecting and understanding diverse perspectives.

Feng Shui

An ancient Chinese practice involving the arranging of living spaces or environments to create harmony and balance with the natural world.

State of Mind

The particular mental or emotional condition that someone is in at a specific time.

Maximize Profit

A strategy focusing on increasing the difference between the revenue generated and the costs incurred by a business.