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Question: What are the demographic variables that affect a business?

Answer: 1.Geographic Region:People's buying preferences also vary by geographic region, which is another type of demographic. Those who meet buyers' needs and requirements in certain geographic regions can earn higher sales and profits.
2.Age:Age is another demographic element that impacts businesses. A company's products and services are more likely to appeal to certain age groups. Younger people under 35 are often the first consumers to purchase high-tech products like cell phones, electronic books and video games. Certain buying groups also have more buying power than others.
3.Income:Income is one demographic variable that can affect businesses. A company's products usually appeal to certain income groups.
4.Obtaining Demographic Information:One of the best ways to collect consumer demographic data is through market research surveys. These surveys can be conducted by phone, mail, Internet or in person. The key is collecting as much demographic information as possible.

1.Geographic Region:People's buying preferences also vary by geographic region, which is another type of demographic. Those who meet buyers' needs and requirements in certain geographic regions can earn higher sales and profits.
2.Age:Age is another demographic element that impacts businesses. A company's products and services are more likely to appeal to certain age groups. Younger people under 35 are often the first consumers to purchase high-tech products like cell phones, electronic books and video games. Certain buying groups also have more buying power than others.
3.Income:Income is one demographic variable that can affect businesses. A company's products usually appeal to certain income groups.
4.Obtaining Demographic Information:One of the best ways to collect consumer demographic data is through market research surveys. These surveys can be conducted by phone, mail, Internet or in person. The key is collecting as much demographic information as possible. Source: CoolInterview.com

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