9 Questions
What is the main difference between a fad and a trend in business?
Fads are sudden and short-lived, while trends develop over time.
What was the main characteristic of Pet rocks mentioned in the text?
They were marketed as pets in little boxes.
How did the creator of Pet rocks market them as pets?
By presenting them in boxes resembling pet carriers.
Why did the speaker mention Pet rocks in the context of fads and trends?
To provide an example of a short-lived craze or fad.
Which statement best describes the success of Pet rocks as a business venture?
They resulted in rapid financial gain but were short-lived.
Based on the text, why is it risky to try to make money from fads in business?
Fads lose popularity quickly and may not yield sustained profits.
The movement towards green energy mentioned in the text is characterized as a:
'Trend' with sustained growth over time.
'The interest in organic foods' mentioned in the text is likely to be considered a trend because:
'Organic foods' have been gaining more interest over time.
'Green energy' is a better business choice than 'Pet rocks' mainly because green energy:
'Green energy' is less risky than 'Pet rocks.'
Improve your notetaking skills by listening to a conversation about distinguishing between fads and trends in business. Learn the definitions of fads and trends, and understand why following trends is more beneficial for success in business.
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