12 Questions
Match the following stages of economic change in the evolution of birthday cakes with their corresponding descriptions:
Agrarian economy = Mothers making birthday cakes from basic farm commodities Goods-based industrial economy = Groceries selling premixed ingredients like Betty Crocker Service economy = Busy parents ordering cakes from bakeries or grocery stores Experience economy = Parents availing birthday packages at fast food chains like Jollibee
Match the following economic changes in the evolution of birthday cakes with the corresponding characteristics:
Agrarian economy = Basic farm commodities used by mothers to make cakes Goods-based industrial economy = Premixed ingredients sold by groceries like Betty Crocker Service economy = Parents ordering cakes due to lack of time for baking Experience economy = Parents opting for birthday packages at fast food chains for convenience
Match the following descriptions of economic stages in the evolution of birthday cakes with their respective eras:
Agrarian economy = Era where mothers made cakes from flour, sugar, butter, and eggs Goods-based industrial economy = Era when groceries sold premixed ingredients like Betty Crocker Service economy = Era when busy parents ordered cakes from bakeries or grocery stores Experience economy = Era where parents avail birthday packages at fast food chains like Jollibee
Match the following stages in the evolution of birthday cakes with their associated economic changes:
Agrarian economy = Mothers making cakes from basic farm commodities Goods-based industrial economy = Groceries selling premixed ingredients like Betty Crocker Service economy = Parents ordering cakes due to time constraints Experience economy = Parents opting for convenient birthday packages at fast food chains
Match the following key points about the evolution of birthday cakes with their corresponding economic stages:
Agrarian economy = Mothers using basic farm commodities to make cakes Goods-based industrial economy = Groceries selling premixed ingredients like Betty Crocker Service economy = Busy parents ordering cakes instead of baking Experience economy = Parents choosing birthday packages at fast food chains for convenience
Match the following characteristics of economic stages in the evolution of birthday cakes with their respective changes:
Agrarian economy = Mothers making cakes from flour, sugar, butter, and eggs Goods-based industrial economy = Groceries offering premixed ingredients like Betty Crocker Service economy = Parents purchasing cakes due to lack of time for baking Experience economy = Parents availing convenient birthday packages at fast food chains
In the evolution of birthday cakes, parents in the service economy era preferred to buy premixed ingredients like Betty Crocker.
False
Fast food chains like Jollibee and McDonald’s offer birthday packages that include cakes as part of the experience economy.
True
In the agrarian economy, mothers made birthday cakes using premixed ingredients from grocery stores.
False
The economic change in the four-stage evolution of birthday cakes involves transitioning from goods-based industrial economy to the experience economy.
True
Businesses nowadays aim to offer unique experiences along with traditional services without any additional cost.
False
In the evolution of birthday cakes, the transition from agrarian economy to goods-based industrial economy involved mothers ordering cakes from bakeries or grocery stores.
False
Test your knowledge on the economic evolution of the birthday cake as discussed by Pine and Gilmore in the Harvard Business Review. Explore how birthday cake making transitioned from basic farm commodities to premixed ingredients in different economic stages.
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