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Question : Which of the following is a component of the demographic environment?
 

 


 

Option 1: Technological advancements

Option 2: Social attitudes and customs

Option 3: Government policies and stability

 

Option 4: Economic conditions


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

Correct Answer: Social attitudes and customs


Solution : The correct answer is (B) Social attitudes and customs

The demographic environment includes factors related to the characteristics and behaviors of a population. Social attitudes and customs, such as values, beliefs, lifestyles, and cultural norms, are essential components of the demographic environment. These factors can significantly influence consumer preferences, buying behaviors, and market trends. Understanding social attitudes and customs is crucial for businesses to tailor their products, services, and marketing strategies to specific demographic segments.

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