CIMAPRA19-E03-1 Exam - Topic 7 Question 13 Discussion

Question

MMM operates leisure parks in Country S. a mature economy in Europe. These are parks that are popular with people between the ages of 8 and 25 years who visit them to ride on the high speed roller-coasters and to visit other attractions at the parks. Nearly 60% of visitor expenditure is to buy meals and drinks at the park MMM estimates that 20% of its visitors travel to its parks from outside Country S.

Which THREE of the following environmental changes will have the greatest impact on MMM in the next five years?

Britt · Accepted Answer

A) The growing strength of the emerging economies in Africa, Asia and South America. and B) The average age of the population in Country S is increasing because of a fall in the birth rate. and D) Introduction of government restrictions on the number of students and tounsts permitted to enter Country S.

Britt · Answer

C) An increase in the statutory minimum wage in Country S.

Britt · Answer

E) The opening of a rival leisure park in Country S with more modern rides and attractions.