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Social and demographic trend

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Social and demographic trend

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by Ken Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • December 6, 2020 at 12:16 pm #597863
    sadafwaheed1
    Participant
    • Topics: 84
    • Replies: 32
    • ☆☆

    government has forecast the following future trends. Which TWO of these are social and demographic trends?
    A. Increased demand for organic and environmentally friendly products
    B. Significant increases in single person households
    C. Increased revenues from personal taxation
    D. Rapid increases in household incomes

    ANSWER IS A& B
    how is A social and demographic trend I thought answer would be B & D can you please explain.

    December 6, 2020 at 3:32 pm #597884
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10583
    • ☆☆☆☆☆

    An “Increased demand for organic and environmentally friendly products” is the result of changes in consumer preference driven by changes in social attitudes.

    D is an economic influence.

    December 6, 2020 at 6:56 pm #597926
    sadafwaheed1
    Participant
    • Topics: 84
    • Replies: 32
    • ☆☆

    Sir I am not clear about this social and demographic trend concept . Does it only related to population like birth / death rates and social attitudes or anything else is also included in this like income of an individual . Can you please give a short explanation of this social and demographic trend ? I’ll be really thankful

    December 7, 2020 at 8:31 pm #598197
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10583
    • ☆☆☆☆☆

    Personal income relates to economic factors.

    Social factors include: population numbers, education, habits, fashion, social outlooks, personal preferences, family sizes etc.

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