Question

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.
A. Ethical policy
B. Social responsibility
C. Diverse workforce
D. Aging population

Answer 1

Answer: Option (D)

Explanation:

From the given case/scenario, we can state that Aging population is the dimension that this scenario exemplifies. Population aging is referred to as or known as an increasing median age of population of a segment that tends to happen due to the declining fertility rates or because of the rising life expectancy. Nations have a rising life expectancy or an ageing population.