The substantial growth of the customer installation service businesses of Home Depot and Lowe's is primarily due to which of these demographic trends?
A) migration of people from the northern and eastern regions of the United States to the west and south
B) increased low price competition from companies in India and China
C) increasing affluence of the Hispanic customer base
D) increasing age of baby boomers

Question

Quizplus · Accepted Answer

The increasing age of baby boomers has led to a higher demand for customer installation services such as home improvement and maintenance. As this group ages, they are less likely to do these tasks themselves and prefer to hire professionals to do the work for them, resulting in the growth of businesses such as the customer installation services of Home Depot and Lowe's.

The Substantial Growth of the Customer Installation Service Businesses of Home