Demographic changes should be monitored by marketing managers because:
A)they may find growth opportunities.
B)it might effect a regulatory change.
C)it might impact raw materials' prices.
D)it might help to reduce production costs

Question

Quizplus · Accepted Answer

Demographic changes can reveal new markets and growth opportunities for marketing managers. By understanding changes in the population such as age, ethnicity, income, and lifestyle, companies can tailor their products and marketing strategies to appeal to these new segments. This can lead to increased sales and profits for the company. Options B, C, and D are not directly related to demographic changes.

Demographic Changes Should Be Monitored by Marketing Managers Because