Jill is looking into the possibility of opening up a daycare 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 daycare 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

Demographic trends, such as birth rates and family structure, have a significant impact on businesses that cater to specific groups or populations. In this case, Jill's daycare is directly affected by the number of single-parent families and the demand for childcare services.

Jill Is Looking into the Possibility of Opening Up a Daycare