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Jenny starts a business making cool bracelets and necklaces. She opens her shop in a place where many young people who love accessories live. She keeps an affordable price for her jewelry items. How do you think demographics may affect Jenny's business?

A. Jenny's business is not affected.
B. Jenny's business will likely be successful.
C. Jenny's business will struggle to attract customers.
D. Jenny's business will need to raise prices to succeed.

Sagot :

GinnyAnsweridn

Final answer:

Demographics impact Jenny's jewelry business through age, income, and pricing strategies.


Explanation:

Demographics play a crucial role in affecting a business like Jenny's that sells jewelry items. The age, income level, and preferences of the population in the area where Jenny's shop is located can impact the demand for her products. For instance, if Jenny's shop is in an area with many young people who love accessories, it is likely to positively affect her business as her target market aligns with the local demographics.

Moreover, affordable pricing can attract more customers, especially if the demographic characteristics of the population nearby indicate a preference for reasonably priced items. By keeping her jewelry items affordable, Jenny can appeal to a wider customer base and potentially increase sales.

Understanding market demographics is essential for Jenny to tailor her products and marketing strategies to meet the needs and preferences of her target customers. By analyzing demographic information, Jenny can make informed decisions to enhance the success of her business.


Learn more about Impact of demographics on business here:

https://brainly.com/question/31183013


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