Ramifications
Definition:
Consequences or effects of an action or decision, especially when complex or unwelcome.
Example: We need to carefully consider the ramifications of changing our pricing structure.
Versatility
Definition:
The ability to adapt or be used in many different ways; flexibility and multi-functionality.
Example: The product's versatility makes it suitable for both professional and personal use.
Demographics
Definition:
Statistical data about populations and particular groups within them, often used to identify market segments.
Example: We analyzed the demographics to determine which age groups prefer our product.
Acknowledge
Definition:
To accept or recognize the truth or existence of something; to admit.
Example: The company was quick to acknowledge the mistake and offer compensation.