GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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demographics, cultural aspects, population growth rate
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economic growth, supply and demand, interest rates
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stands for Political, Economic, Social and Technological Analysis; examines the overall, external economy affecting a business
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deals with competition in that it pertains to the level of ease for competitors to be able to enter a company’s market
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research and development, rate of technology changes
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Detailed explanation-1: -When demographers attempt to forecast changes in the size of a population, they typically focus on four main factors: fertility rates, mortality rates (life expectancy), the initial age profile of the population (whether it is relatively old or relatively young to begin with) and migration.
Detailed explanation-2: -Fertility rate and birth rate can be influenced by social factors, including religion, race, level of education, access to abortion and contraceptive methods, child labor, immigration, social security for elders, the cost of raising children, and government programs to support or discourage childbearing.
Detailed explanation-3: -Social: Areas with better housing, health facilities and education are more populated e.g., Pune. Better transport facilities also contribute to the increased population of any region. Cultural: Places with cultural or/and religious import attract people. Example: Varanasi, Jerusalem and Vatican city.
Detailed explanation-4: -These factors include: education and employment opportunities available to women, the marriage age of women and the societal acceptance of birth control methods. These factors are sometimes strongly influenced by society’s cultural attitudes towards women.