Population growth and changing demographics are examples of the _________ business environment that can have an effect on sales.

Question

Quizplus · Accepted Answer

Population growth and changing demographics are related to social factors that affect customer behavior and market trends. These changes in social environment can have a significant impact on sales and marketing strategies of businesses. Economic, competitive, and technological factors are also important, but they may not directly relate to changes in population or demographics.

Population Growth and Changing Demographics Are Examples of the _________