What factors have contributed to the growth of the bicycle industry

Subject : Business

Question: What factors have contributed to the growth of the bicycle industry in urban environments over the past decade?

A) Increased availability of electric bicycles and enhanced cycling infrastructure

B) Decline in the popularity of personal fitness and outdoor activities

C) Decrease in government investment in public transportation systems

D) Reduction in the number of cycling-related events and competitions

Expert Verified Solution:

The correct answer is:

A) Increased availability of electric bicycles and enhanced cycling infrastructure.

Explanation:

Several factors have contributed to the growth of the bicycle industry in urban environments over the past decade:

Increased availability of electric bicycles: The rise in popularity and availability of electric bikes has made cycling more accessible and appealing, especially for commuting and longer trips.

Enhanced cycling infrastructure: Investments in better cycling infrastructure, such as dedicated bike lanes, bike-sharing programs, and improved road safety, have made urban cycling more convenient and safer.

In contrast:

B) Decline in the popularity of personal fitness and outdoor activities: This is incorrect as there has been an increased focus on personal fitness and outdoor activities, which contributes to the growth of the cycling industry.

C) Decrease in government investment in public transportation systems: While decreased investment in public transportation might influence cycling, the primary growth drivers have been the factors mentioned in option A.

D) Reduction in the number of cycling-related events and competitions: A reduction in events would likely have a negative impact on the industry rather than contributing to its growth.