CMA Foundation · Fundamentals of Business Economics and Management · Economic and Business Environment
Which of the following is a social-environment trend that has increased the demand for ready-to-eat meals and home-delivery services in Indian cities?
The growth of nuclear families and dual-income households is the social trend behind rising demand for ready-to-eat meals and home delivery, because such households have less time to cook. Customs duty, bank rate and anti-dumping duty are policy or economic factors that do not explain this lifestyle shift.
- AGrowth of nuclear families and dual-income households with less time for cookingCorrect
- BReduction in customs duty on gold
- CFall in the bank rate
- DImposition of anti-dumping duty on steel
Explanation
Nuclear families and dual-income households are social and demographic changes that leave less time for cooking and raise demand for convenience food. The other options are trade, monetary or tax policies that do not explain this lifestyle-driven demand.
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