As People Age, They Become

question 48

Multiple Choice

As people age, they become

• A)more different from one another.
• B)more alike.
• C)more alike until age 65, at which point they become more different from one another.
• D)more different from one another but not as different as are adolescents.

---

Definitions:

Situational Analysis

An assessment of an organization's internal and external environments to understand its capabilities, customers, and business environment.

Gap Analysis

A type of analysis that compares the differences between the consumer’s expectations about and experiences with a service based on dimensions of service quality.

Diversification Analysis

Diversification Analysis involves assessing the potential benefits and risks of expanding a company's range of products or markets as a strategy to reduce dependence on a single product or market.

Product Development

The process of bringing a new product or service to market, from ideation through design, manufacturing, and marketing.