Which of the Following Statements Regarding Ethnic Shifts in the American

question 94

Multiple Choice

Which of the following statements regarding ethnic shifts in the American market is true?

• A)Estimates indicate that by 2019 the buying power of Hispanics will exceed a trillion and half dollars.
• B)Estimates indicate that by 2019 the buying power of African Americans will exceed 1 trillion dollars.
• C)Estimates indicate that by 2018 Asian Americans will have 1 trillion dollars in buying power.
• D)The buying power of ethnic submarkets is increasing rapidly.
• E)All these statements are true.

---

Definitions:

Culture

The collective beliefs, practices, languages, creations, historical accounts, folklore, and structures of a community that are transmitted through successive generations.

Future Orientation

A mindset or perspective that focuses on planning, anticipating, and preparing for future events, goals, or possibilities.

Short-term Sacrifices

Giving up something valued in the near term with the expectation of gaining benefits in the future.

Better Outcomes

Improved results or achievements in any endeavor, often through strategic planning, effective execution, or enhanced performance.