Environmental Scans Have Shown That the Population of Canada Is

question 128

Multiple Choice

Environmental scans have shown that the population of Canada is undergoing dramatic change. For example, the number of people in this country who are between the ages of 20 and 34 has declined since 1990. On the other hand, the number of people who are 65 years of age or older has increased. These changes in the Canadian population are examples of _ _________changes to which marketers must respond.

• A)psychographic
• B)situational segment
• C)cyclical population
• D)demographic

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Definitions:

Decision Variables

Variables in a mathematical model that decision-makers control in order to achieve the best solution to an optimization problem.

Constraint Function

Mathematical equations that express the limitations or requirements that must be satisfied in an optimization problem.

Inequality

A condition that arises when wealth, opportunities, or rights are unevenly distributed among individuals or groups.

Net Optimal Profit

The highest possible profit after accounting for all costs and revenues.