IBF Industries,Inc.is a leading manufacturer and marketer of skin care and solar filters in the United States.The company is a market leader in the U.S.,and the demand for its products has been static over the last five quarters.In order to achieve better growth,the management is now planning to develop its business by entering the Canadian market.Which of the following information,if true,would most support the management's decision to develop the market?
A) The Canadian online census conducted in the year 2011 showed that the number of people in Canada over age 60 would increase by over 30 percent in five years.
B) The unemployment rate and unemployment benefit claims in Canada are reported to be higher than last year.
C) The per capita income and the average purchasing power of the people in Canada have increased by two percent in last six months.
D) The assent prices in Canada, such as homes and financial assets, have been decreasing for the last ten months.

Question

Quizplus · Accepted Answer

The increase in per capita income and average purchasing power in Canada suggests that consumers have more disposable income to spend on products like skin care and solar filters, making it a favorable market for IBF Industries, Inc. to enter.