Not tracking and responding to demographic changes is a management failure because the data are easy to obtain and major changes occur slowly.

Question

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Demographic changes can have a significant impact on a business's customer base, workforce, and overall market. Failing to track and respond to these changes can lead to missed opportunities and potential losses. However, demographic data is often readily available and changes typically occur gradually, making it a management failure if they fail to stay aware and adapt accordingly.

Not Tracking and Responding to Demographic Changes Is a Management