The component of an organization's external environment is concerned with trends in population characteristics such as age, race, gender, education level, geographic location, income, and family composition.

A) economic

B) political

C) demographic

D) sociocultural

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.

To know more about organizational culture, refer to the links given below.

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C) demographic

Explanation:

The  demographic component of an organization's external environment is concerned with trends in population characteristics such as age, race, gender, education level, geographic location, income, and family composition.

satisfying the changing needs of current and new customers.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.

A standard menu can be defined as a list that comprises food, beverages and other drinks offered to customers, along with their price either for a whole meal or a single meal i.e individual items.

In this context, many restaurants offer their customers a variety of meals such as daily specials, appetizers, entrees, and desserts that aren't listed on their standard menu. Thus, these daily specials primarily provide the new product benefit of satisfying the ever changing or insatiable needs of current and new customers.

Basically, each and every customer have their specific taste and as such would require certain types of meal to satisfy these taste and appetite.

Hence, restaurants should have a variety of meals to offer their customers.