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In a large city with multiple neighborhoods at different elevations, one part of the city is located at a higher altitude, and the people living in that neighborhood call it The Hills. The Hills is an example of a:
Societal Forces
External factors such as social, cultural, ethical, and demographic trends that can influence an organization's operations and strategic decisions.
Demographic
Statistical data relating to the population and particular groups within it, such as age, gender, income, etc., often used for marketing analysis.
Experience Curve
A graphical representation that shows how increasing production experience reduces the cost per unit due to learning and efficiencies.
Virtuous Circles
A sequence of reciprocal events that enforce a positive outcome, often leading to a situation where each iteration improves the previous one.
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