Examlex
The following dot plot represents the ages of the people in a sample selected from a group of campaign volunteers.
How many people were in the sample?
Baby Boomers
The demographic group born approximately between the years 1946 and 1964, known for its significant impact on economics, politics, and culture.
Immediate Marketing Environment
This refers to the factors directly influencing a company's capability to serve its customers, including suppliers, intermediaries, customers, competition, and the public.
Macroenvironment
The external and uncontrollable factors that influence an organization's decision-making, and affect its performance and strategies, such as economic, demographic, political/legal, social/cultural, technological, and environmental forces.
Fewer Components
A streamlined approach to product design or manufacturing that minimizes the number of parts used.
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