Ricord Books, a publication house, faced huge losses after 2008. The majority of its readers were born during the late 1950s, whose population was rapidly declining. Most modern readers preferred using e-books rather than reading from hard copies. This resulted in a decrease in the sales of Ricord Books. Identify the dimension of the social environment that this scenario exemplifies.

Question

Quizplus · Accepted Answer

The scenario exemplifies the "Aging population" dimension as it highlights the decline in the population of readers born in the late 1950s, affecting the sales of Ricord Books.

Ricord Books, a Publication House, Faced Huge Losses After 2008