Olivia is looking into opening a day care in her community. She is aware of many single-parent families that need a place for their children to stay while they work, but she is concerned about the long-term prospects for such a business. Olivia thinks the future of her day care will depend on whether birth rates and the number of single-parent families keep growing. These concerns illustrate how businesses can be affected by. trends. Multiple Choice O о econometric geographic demographic psychometric

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Olivia is looking into opening a day care in her community. She is aware of
many single-parent families that need a place for their children to stay while
they work, but she is concerned about the long-term prospects for such a
business. Olivia thinks the future of her day care will depend on whether
birth rates and the number of single-parent families keep growing. These
concerns illustrate how businesses can be affected by
trends.
Multiple Choice
econometric
geographic
demographic
psychometric
Transcribed Image Text:Olivia is looking into opening a day care in her community. She is aware of many single-parent families that need a place for their children to stay while they work, but she is concerned about the long-term prospects for such a business. Olivia thinks the future of her day care will depend on whether birth rates and the number of single-parent families keep growing. These concerns illustrate how businesses can be affected by trends. Multiple Choice econometric geographic demographic psychometric
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