Approximately how many Hispanic and African-American consumers exist in the United States?

The choice indicating approximately 80 million Hispanic and African-American consumers reflects the demographic trends and population statistics observed in the United States. As of recent data, the combined populations of Hispanic and African-American communities are significant and have been growing over the years due to factors such as immigration and higher birth rates among these groups.

These demographics are crucial for businesses in the hospitality and marketing sectors because they highlight the importance of understanding and catering to a diverse customer base. An awareness of the specific needs, preferences, and cultural influences of these communities allows for more effective marketing strategies and personalized services. It is essential for businesses to consider these factors in order to reach these populations effectively and meet their expectations.

The other options suggest population figures that are either too low or excessively high when compared to current demographic studies. Understanding these numbers helps firms strategize their outreach and tailor their hospitality offerings accordingly to maintain a competitive edge in an increasingly diverse market.