The trends or shifts in population components,such as population age,have more meaning for the small business owner than total population trends.

Question

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Population age trends can have a direct impact on the wants and needs of customers, labor force availability, and market demand for certain products or services. Small business owners should consider these population components when making business decisions. Total population trends may not provide as much relevant information for the day-to-day operations of a small business.

The Trends or Shifts in Population Components,such as Population Age,have