You are contemplating starting a business in the next few months. You have expertise in both goods-based and services-based businesses, but aren’t sure which route to take. You are, however, determined to develop jobs for the small factory town in which you grew up.
a. Demand for consumer services has grown more rapidly than for business services.
b. Demand for consumer services and business services are growing by approximately the same rate.
c. Demand for consumer services is expected to surpass the demand for business services over the next 10 years.
d. Demand for both consumer services and business services are expected to decline over the next 10 years.
e. Demand for business services has grown more rapidly than for consumer services.
Ans: e. Demand for business services has grown more rapidly than for consumer services.
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