question archive Royal Caribbean Cruise Lines operates in an industry in which there have been declining sales

Royal Caribbean Cruise Lines operates in an industry in which there have been declining sales

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Royal Caribbean Cruise Lines operates in an industry in which there have been declining sales. Assume that the decreases in Royal Caribbean's business are the result of a trend toward taking several short vacations to the mountains or the beach during the year rather than one long annual vacation. Which dimension of the general environment would be most responsible for this decline in business?

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Sociocultural

Technological

Economic

Option 1

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Option 2

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