How does demographic environment influence the business activities?
Answers
It is noteworthy that buildings will spend about 30% of the worldwide energy produced. More energy demand for developing economies is projected; the lack of awareness about the pricing of fossil fuels and the increasing information about environmental problems has donated to the serious consideration of different renewable energies. Among different types of energy, heat transfer is universally observed in nature as geothermal energy and energy radiation in nature. This energy is a side effect of a large amount of energy production units and energy conversion products and systems.
Answer:
Explanation:
Income is one demographic variable that can affect businesses. A company's products usually appeal to certain income groups. ... Conversely, people with comparatively lower incomes are more sensitive to price and, therefore, may prefer purchasing discount products. People with lower incomes have less disposable income.