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16 March, 20:04

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

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  1. 16 March, 20:10
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    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.
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