ENTREPRENEURSHIP

Detailed explanation-1: -They can determine their key customers or target market and create marketing materials. Demographics also affect other business factors such as pricing, packaging, and service offers. When marketing campaigns are aligned with the demographics of customers, sales will likely increase.

Detailed explanation-2: -The most important demographic factors for businesses include age, sex, income, education level, and occupation.

Detailed explanation-3: -It is about how old we are likely to become, how many children we can expect to have, and where and how we are likely to spend our lives. Demographic change also has a powerful impact on our economies, on our welfare and health systems as well as on housing and infrastructure needs in the European regions.