ENTREPRENEURSHIP

Detailed explanation-1: -Also called a demographic market analysis, a demographic analysis refers to the collection and examination of a specified list of characteristics pertaining to groups of people and populations. These characteristics differ from those used in a psychographic or lifestyle analysis.

Detailed explanation-2: -Market trend analysis allows you to identify potential changes to your market as well as ways that your company can stay ahead of competitors. By identifying current and potential changes in customers’ needs and wants, your company can look for innovative or new ways of providing its products and services.