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HomeFront Construction Company built large, single-family homes for 25 years. Then there was a shift toward more demand for small luxury condominiums, and HomeFront changed its focus. The change in demand could be explained by:_____

a. the increasing number of senior citizens who are "empty-nesters."
b. the fact that consumers in urban areas generally have higher incomes.
c. the increasing number of 45-64 year olds whose children are grown.
d. All of these explanations could be relevant.

Respuesta :

Answer:

d. All of these explanations could be relevant.

Explanation:

Change in demand for small luxury condominiums, from large single family homes could be : due to any of these three reasons - changing 'taste & preferences' of people

  • Increase in senior citizen (old parents) , whose children have moved away from home. So, they might feel settling in community apartments better rather than full lonely homes (without children)
  • Urban area aged people tend to have higher income & financial base for purchasing luxury condominiums

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