You are the Director of Marketing for Starbucks. You are doing an environmental scan to help you create a three-year marketing plan for increasing your presence in Canadian post-secondary institutions. Which of the following environmental trends should you consider the MOST important?
A) Coffee consumption in Canada has been declining in recent years at a rate of 3% annually.
B) The largest cities in Canada have all seen a rise in dual-income couples who bring with them larger disposable incomes.
C) Baby boomers, who make up 37% of the hot brewed coffee drinkers, rank the highest consumers of coffee in Canada.
D) Consumption of hot brewed coffee by millennials rose over 6% the last year.
Correct Answer:
Verified
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