17 Questions
What has made India and China favorite destinations for offshore outsourcing?
High rate of young qualified engineers and IT professionals
How much is the forecast percentage increase in the population aged 75+ in Japan between 2005 and 2020?
36%
What is the implication of the demographic shift mentioned in the text?
Higher expenditure on pharmaceuticals
Where is the shift in economic, political, and military power happening?
From West to East
What is the predicted consumer spending in China by 2018?
$2.5 trillion
What is the difference between fads, trends, and principles according to the text?
Playing with fads, working with trends, and living by principles.
How are microtrends and macrotrends different?
Microtrends are small-scale changes while macrotrends are large-scale changes.
What does 'Cool-Hunting/ Trend Hunting' involve according to the text?
Searching for future trends that are not yet popular.
How is detecting a trend described in the text?
Trying to see the future in the present.
According to Mackinney (2010), how are trends characterized?
By change and continuous evolution.
What defines a trend according to the text?
A pattern of continuing change in various aspects of life.
What is the main difference between 'cool-hunting' and 'trend-spotting'?
Cool-hunting focuses on studying current trends, while trend-spotting looks at developing future scenarios.
What are the Fundamental Elements That Drive All Trends according to the text?
Technological Innovations and Institutional Constraints
How does Globalization impact organizations according to the text?
It leads to new markets and demands dynamism among organizations.
What term is used to describe a market situation with ardent competition, quick market changes, and easy market entry?
Hyper Competition
What does the Concept of Green GDP in the text refer to?
Incorporating environmental factors into traditional GDP measurements.
Why is the era referred to as the 'information age' according to the text?
Due to the availability of information that was previously inaccessible.
Test your knowledge on the impact of advancement in education on offshore outsourcing and the ageing population trends in Asia, focusing on Japan. Explore the implications of these trends on society and economics.
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