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How can a country's current economic situation impact a business marketing plan?
Wiki User
∙ 11y ago
A marketing plan is defined as a set of initiatives designed to inform the public about a product and its benefits as a means of inducing them to purchase said product.
One of the indices that set the price of the product is the cost and availability of raw materials, cost of labour, and a successful market plan.
If economic conditions are good, then the chances of having a successful product in the market place are also good. But if there is insufficient money available to the consumer to purchase the product due to a recession, then no matter how clever the marketing plan; it's going to have a detrimental effect on sales.
Wiki User
∙ 11y ago
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What is Service marketing concept?
Service marketing is the promotion of economic activities offered by a business to its clients. Service marketing might include the process of selling telecommunications, health treatment, financial, hospitality, car rental, air travel, and professional services.
What is service concept?
Service marketing is the promotion of economic activities offered by a business to its clients. Service marketing might include the process of selling telecommunications, health treatment, financial, hospitality, car rental, air travel, and professional services.
How does economic environment affect international marketing?
yes
What are the five dimensions of the marketing environment?
Competitive, political-legal, economic, technological and social-cultural
What is market stimuli?
Market stimuli is the marketing environment which consist of the four Ps: •Product •Price •Place •Promotion There are also other stimuli which consist of the following: •Economic •Technological •Political •Cultural •Competitive
How does this socio-economic issue influence business operations?
Socio-economic issues influence business operations in the sense that they direct what direction businesses take in their marketing efforts and operations.
What economic situation exists when a business is able to sell exactly as many products as it is able to produce?
Economic equilibrium!
Harley-davidson What are the dominant business and economic characteristics of the global motorcycle industry?
Intermediate Marketing 340
What economic situation combining business slowdown stagnation plus inflation?
for Nova Net Stagflation
What has the author Tim Ambler written?
Tim Ambler has written: 'Copy testing' 'Marketing from Advertising to Zen' 'Doing Business in China' -- subject(s): Business, Economic conditions, Economic policy, Foreign Investments, International business enterprises, Management, Multi-Cultural, Nonfiction, OverDrive, Reference 'Marketing y Beneficios - Sistemas de Medicion y Creacion de Valor'
What are the branches of science that are connected to business?
All the Economic science (marketing and so on) is connected to business. Also Law science explains the rules according to which business should be organized. Best regards, Charnyshou Mikalai.
Who is a connected stakeholder?
Connected stakeholders are closely related to business core marketing, economic functions. e.g. customers, Creditors, distributors, suppliers
Where did the carpetbaggers move to after the civil war?
They moved to the South in order to do profitable business by exploiting the disastrous economic situation in being there.
What is Service marketing concept?
Service marketing is the promotion of economic activities offered by a business to its clients. Service marketing might include the process of selling telecommunications, health treatment, financial, hospitality, car rental, air travel, and professional services.
What is the role of marketing to individual nations and social economic systems?
What is role of marketing to individual nation and social economic systems
How does location in the middle latitudes help a countrys economic health?
It helps a countries economic health by knowing the climate to dress appropriately for the weather to keep people from getting sick.
What has the author Arthur G L Rogers written?
Arthur G. L. Rogers has written: 'The business side of agriculture' -- subject(s): Marketing, Farm produce, Economic aspects, Agriculture, Economic aspects of Agriculture
