Explain the following in tagalog

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Reference no: EM133297231

Question: Explain the following in tagalog

	Explanationin tagalog
Culture and Nationality Knowing a business's target market through demographic factors helps a business to address the needs and wants of its customers by being able to understand the movement and trend of the market competition and its customers. For example, an ice cream business was able to address the demand of their customers who loves coffee based on the culture of the people in an area.
Belief system A business can lessen the risk of failing as they learn the trend and movement of the market with the help of demographic factors and behavior in business analysis. For example, as the business was able to understand the movement of a market in a particular area, it can minimize the risk of failing as it can strategize
Income capability Businesses can better create better pricing for their products so that they can be saleable and people can easily avail of their products and services. Selling expensive coffee in a low to the medium-income community can lead to business failure as their customers will not be able to afford their coffee products.
Age An organization can better address the needs of its prospective customers by being able to identify the needs and the demand of their customers in reference to their age. For example, selling ointments and pain relievers to the community with the lesser elderly group will result in lower income sales for the company as they will not be able to sell the item to younger people.
Gender Identifying gender for gender-sensitive products is important for a business to understand for them to grow their business in a particular area. For example, selling hair treatments for women in a community with a lower population of women will not help the organization increase its sales as male customers will not surely appreciate their services.

Reference no: EM133297231

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