Podcast
Questions and Answers
What is a trend?
What is a trend?
- A sudden change in behavior or attitude
- A long-term change in behavior or attitude (correct)
- A temporary change in behavior or attitude
- A predictable change in behavior or attitude
What is the process for spotting a trend, according to the text?
What is the process for spotting a trend, according to the text?
- Analyze data from the past year
- Ask friends and family for their opinions
- Observe changes in consumer behavior over time (correct)
- Conduct surveys with a small sample size
How is a trend different from a fad, according to the text?
How is a trend different from a fad, according to the text?
- A trend is driven by consumer needs, while a fad is driven by consumer wants
- A trend is short-term, while a fad is long-term
- A trend is predictable, while a fad is unpredictable
- A trend is a long-term change, while a fad is a short-term change (correct)
What is the difference between a trend and a fad?
What is the difference between a trend and a fad?
What are the elements that make up a trend?
What are the elements that make up a trend?
What are the different characteristics of a trend?
What are the different characteristics of a trend?
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Study Notes
Defining a Trend
- A trend is a pattern of gradual change or development over time.
Spotting a Trend
- The process for spotting a trend involves identifying a consistent and sustained pattern of change or development over a period of time.
Trend vs Fad
- A trend is different from a fad in that a trend is a long-term shift or pattern, whereas a fad is a short-term, fleeting phenomenon.
- A fad is often intense but short-lived, whereas a trend is more gradual and sustained.
Elements of a Trend
- A trend consists of several key elements, including:
- A consistent pattern of change or development over time
- A clear direction or trajectory
- A degree of sustainability and staying power
- A broader cultural, social, or economic context
Characteristics of a Trend
- Trends often exhibit certain characteristics, including:
- They are often driven by underlying social, cultural, or economic forces
- They can be influenced by factors such as technology, demographics, and policy changes
- They can have a significant impact on various aspects of society, including business, culture, and politics.
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