Jill is looking into the possibility of opening up a day care center in her community,because she is aware of many single-parent families that need a place for their children to stay while the parents work.She is concerned about the long-term prospects for such a business.Jill believes the future of her center will depend on whether birth rates and the number of single-parent families remain high.These concerns illustrate how businesses can be affected by:
A)econometric trends.
B)demographic trends.
C)holographic trends.
D)psychometric trends.

Question

Quizplus · Accepted Answer

Jill's concerns about the birth rates and the number of single-parent families relate to demographic trends, which refer to the study of the characteristics of human populations. These trends can have a significant impact on businesses, as they shape the demand for products and services and the availability of labor and resources. Therefore, understanding demographic trends is crucial for businesses to make informed decisions about their operations and growth strategies.

Jill Is Looking into the Possibility of Opening Up a Day