Many Futurists Advocate Studying the Emerging Trends in Society and Deriving

question 26

Multiple Choice

Many futurists advocate studying the emerging trends in society and deriving product opportunities from them.A team of experts from the consulting firm Social Technologies identified six important and provocative modern trends.One of these trends is "The transparent self." This trend refers to which of the following observations?

• A)There is more information about consumers available to product managers now than ever before.
• B)People like making spur-of-the-moment decisions based on real-time information.
• C)People can sense their environment better now than ever before;what might be "too much information" for some might be essential information for others.
• D)As more people become accustomed to virtual spaces,the boundary between these and the real world will become increasingly blurreD.

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Definitions:

Income

The earnings acquired, often periodically, for performing job duties or from investment gains.

Net Exports

The value of a country's total exports minus its total imports, representing the net amount of goods and services being traded with other countries.

GDP Deflator

An indicator used to determine the price levels of newly produced domestic final goods and services, assisting in the conversion of nominal GDP to real GDP.

Real GDP

Gross Domestic Product corrected for inflation, giving a truer depiction of the size of an economy and its growth trajectory over time.