Demographics, One of the Uncontrollable Variables in the External Environment

question 31

True/False

Demographics, one of the uncontrollable variables in the external environment, are significant because the basis for any market is people.

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Definitions:

Workforce Expectations

The assumptions or beliefs employees have about their roles, responsibilities, and conditions at work, including career progression and work-life balance.

Teamwork

The collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.

Changing Careers

Involves making a significant transition from one professional field or industry to another, often requiring new skills and adaptation.

Organizational Culture

The collective ideals, convictions, and standards that shape the attitudes, emotions, and actions of workers inside a company.