The Household Life Cycle Is Changing Due to Changes in ______

question 2

Multiple Choice

The household life cycle is changing due to changes in ______.

• A)Cultural beliefs
• B)Cultural values
• C)Family structure
• D)Family life stage
• E)Social class

---

Definitions:

Business Operation

The day-to-day activities and tasks necessary for a company to function and achieve its business objectives.

Life Cycle

Describes the series of phases that a product, organization, or system goes through from initial conception to its eventual decline.

Entrepreneurial Firms

Companies that engage in significant innovations, undertake considerable risk, and aggressively pursue opportunities, typically in a quest to grow.

Management Competencies

The skills, knowledge, and abilities required by managers to effectively perform their roles within an organization.