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How population affects business!
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[QUOTE="Yusra3, post: 341056, member: 31907"] A business needs the size of consumer base and workforce availability that are directly influenced by population size and ageless structures. The bigger one is the amount of a customers. At the same time, the more there is competition. A population can over time result into demand for products and services that are elderly-related and at the same time reduce the available workforce. As a cause of population's demographic changes like having more or less income, education, or urban or rural distributions affecting consumers’ preferences and spending behavior too. Wise companies constantly track the population developments in order to modify the assortment of the goods, promotional strategy and the entire management plan to interact with the consumers in the best possible way. [/QUOTE]
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