Businesses use demographic studies to understand where people live,their lifestyles,and what they are likely to buy.
Demography is the statistical study of the human population to learn its size,density and characteristics.Since many goods and services appeal to customers with specific demographic characteristics (such as age or income),studying demographic trends can help businesses determine whether the demand for a good is likely to rise or fall.
Correct Answer:
Verified
Q87: Barriers to entry are business conditions that
Q90: An example of a Canadian employer which
Q91: The portion of the Canadian population that
Q94: Sue is a mother with two small
Q97: Looking at Canada's overall population,almost 20% of
Q104: Population studies indicate that the percentage of
Q111: The statistical study of the human population
Q117: Demographic changes create new business opportunities.
Q131: Demographic trends suggest that businesses will benefit
Q198: Companies have responded to their diverse customer
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents