D- The social-cultural component deals with features as in race, age, education level, geographic location, income, and family composition. It is responsible for determining an organization's external environment that it operates.
It changes with change in trends and is subject to change from people to people as well. Social and cultural aspects drive a major chunk of organization's external environment.
- Various change in trends and people's preferences take place at regular intervals in the market. An organization has to keep in mind its limitations and expansion opportunities so as to strike when the time is right.
- Every race, gender, literacy rate of region, geographical location, income level and family composition contribute and make changes occur equally and at regular intervals.
Hence, option D is true that the social and cultural environment is concerned with trends in population.
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