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Technology can change the lifestyle and buying patterns of consumers. Recent developments in the field of microcomputers have dramatically expanded the potential customer base and created innumerable opportunities for businesses to engage in business via internet.
EFFECT;
- Technology environment is good for country, but its bad for our health.
- Technology creates more fraudulent activities in business
What else can I help you with?
What are the components of the marketing environment?
Components that make up the marketing environment are the competitive environment, political/legal environment, economic environment, technological environment, and social/cultural environment.
How does technological environment impact a small business?
The technological environment consists of those forces that affect the technology and which can create new products, new markets, and new marketing opportunities.
What are the five dimensions of the marketing environment?
Competitive, political-legal, economic, technological and social-cultural
What does macro-environment mean in regards to marketing?
The external factors which affect a company's planning and performance, and are beyond its control: for example, socio-economic, legal and technological change.
What factor is used to describe and forces outside marketing that affect marketing management?
A company's marketing environment.
How does economic environment affect international marketing?
yes
How did industry and technological influence life and affect the environment of the northeast?
girls
Macro environent in marketing?
The macro environment in marketing refers to the major external and uncontrollable factors that affect the market environment.
What factors in marketing environment might affect your marketing strategy if you were a fast food business?
consumer behaviors influences marketing strategy
What are the macro and micro environmental factors that might influence marketing decisions?
assignment on micro environment factors that affect marketing decision making
How do each of the five components of the marketing environment come into play for eri?
The five components of the marketing environment—political, economic, social, technological, and competitive—impact ERI by shaping its strategic decisions. Politically, regulations can affect compliance and operational costs. Economically, market conditions influence consumer spending and investment potential. Social trends drive consumer preferences, while technological advancements present opportunities for innovation and efficiency. Lastly, the competitive landscape necessitates differentiation and adaptability to maintain market share.
Definition of technological environment?
By technological environment , we mean where cluster of IT,software/hardware companies is there,suggesting an environment of technological fervor,showing latest technological upgradation and its applications in practical field.
