Which of the following best illustrates the assertion that "demographics provide important data about the population,but societal values translate that data into business implications"?
A) Many North American steel manufacturers were driven into bankruptcy because they were slow to adopt an important new process technology.
B) The construction industry tends to have higher peaks and lower valleys than the overall national economy.
C) New pollution laws significantly increased the operating costs of coal-burning power plants.
D) Baby boomers will be reaching retirement age, however, society's idea of retirement has expanded to include the pursuit of second careers. Therefore, companies will be able to hire experienced workers at open-market prices.

Question

Quizplus · Accepted Answer

This option clearly shows how demographic data about the aging population (baby boomers reaching retirement age) is being impacted by societal values (the idea of retirement expanding to include second careers) and how this will affect business implications (companies being able to hire experienced workers at open-market prices). This highlights the importance of not just analyzing demographics but also understanding how societal values impact them. The other options do not specifically address this assertion.

Which of the Following Best Illustrates the Assertion That "Demographics