Jill is looking into the possibility of opening up a for-profit seniors centre in her community.However,she is concerned about the long-term prospects for such a business.Jill believes the future of her centre will depend on the growth of the seniors population.This concern illustrates how businesses can be affected by:
A)holographic trends.
B)demographic trends.
C)psychometric trend.
D)econometric trends.

Question

Quizplus · Accepted Answer

Demographic trends refer to changes in the population, such as age, gender, and race, which can have a significant impact on businesses. In this scenario, Jill's concern about the growth of the seniors population is directly related to a demographic trend, as the number of seniors in her community will influence the success of her business.

Jill Is Looking into the Possibility of Opening Up a For-Profit