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Read these lines: "The more than 75 million members of the millennial generation were born between 1981 and 1997. In 2017 they surpassed baby boomers as America's largest generation. These are technologically savvy and prosperous young people, with hundreds of billions of dollars to spend." It can be concluded from the quoted lines that companies court millennial shoppers mainly because this group:
Ais the only generation that shops using technology
Bwas born earlier than the baby boomer generation
Cprefers saving every dollar rather than spending
Dis both very large and has enormous spending money
Answer & Solution
Correct answer: D. is both very large and has enormous spending money
1. The quoted lines give two facts: the group has more than 75 million members, now the largest generation, and it has hundreds of billions of dollars to spend.
2. A company chasing sales cares about exactly those two things, the number of buyers and the money they carry, so that is the conclusion the quoted lines support.
3. Being technologically savvy does not make them the only generation that shops with technology; the quoted lines never rank other generations' habits.
4. The birth years 1981 to 1997 come after the baby boomers, not before, so the ordering option misreads the dates.
5. Hundreds of billions of dollars to spend points to spending, which is the opposite of the saving option.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 1 "Understanding Economic Systems and Business", section 1.2 Understanding the Business Environment_
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