Xavier, a recent college graduate, is thinking of investing in a home health care business. he believes this will be a profitable venture because of the increasing number of people in the u. s. that will be over 60 in the near future and more likely to need this type of service. this accurately describes a demographic trend that will affect his business choice.

Question

Business

Glenn Goodwin

10 March, 15:13

Xavier, a recent college graduate, is thinking of investing in a home health care business. he believes this will be a profitable venture because of the increasing number of people in the u. s. that will be over 60 in the near future and more likely to need this type of service. this accurately describes a demographic trend that will affect his business choice.

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Cody Valencia · Answer 1

The above given statement is true because the business professionals study the demographic changes in their respective markets by scanning the social environment for opportunities and threats. Demographic changes can have a significant impact on business choices and career opportunities.

When the number of consumers increases automatically the consumption of services and goods increases. This is the fact given in the above statement, so anybody planning invest should analyze the facts and foresee the trend to avoid endup in loss.