Which of the Following Is Part of the Demographic Environment

question 46

Multiple Choice

Which of the following is part of the demographic environment of a country?

• A)age distribution
• B)distribution of wealth
• C)lifestyles
• D)norms and customs
• E)exchange rates

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Definitions:

Department Stores

Large retail establishments that offer a wide range of products across various categories under one roof.

Price Skimming

A pricing strategy where a firm charges a high initial price for a product, then gradually lowers the price over time.

Product Development

The creation of new products or significant improvements on existing ones, from concept generation to market introduction.