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Describe the seven external factors that affect marketing Discuss the advantages and disadvantages of one external factor when it comes to marketing your product or service?
Describe the seven external factors that affect marketing and business
What external factors affect marketing strategy?
There are many external and environmental factors that affect marketing. Some of these include economy, government, supply lines, and consumer trends.
What are the internal and external factors that affect child development?
There are many internal and external factors that affect child development. One internal factor is the genetic makeup of the child.
What external environmental factors can affect a computer monitor?
nothing can affect a computer
What is external factors affecting pricing?
Mostly competitor external prices affect pricing.
What is external factor?
External factors are factors beyond your control that could significantly affect your ability to achieve your goals and objectives. ...
What are external factors that affect system's design?
-compititors -suppliers
How does external factors affect Mark Spencer?
External factors affect Marks and Spencer in terms of the buying power of customer. The marketing strategies of the company must also adapt to the external factors such as political, economic, technological, legal and environmental factors for the brand to continually thrive in a given location.
Explain the external environmental factors that affect the financial services industry?
The external environmental factors that affect the financial services industry include organizational direction, internal factors, and external competition. The socio-economics of a society also affects the financial services industry.
How does external factors affect an organization?
External factors can significantly impact an organization by influencing its strategic decisions, operational efficiency, and overall performance. Economic conditions, regulatory changes, and competitive dynamics can alter market demand and affect profitability. Additionally, social trends and technological advancements can drive innovation or necessitate adaptation. Organizations that effectively monitor and respond to these external influences can better position themselves for success.
What are the five basic factors that affect the success of a nation state?
The five basic factors that affect the success of a nation-state include Corruption, freedom, democracy, frugality and peace
What are the internal and external factors in market factors?
Market environment consist of all factors that in one way or another affect or affected by the organization desicion.there are external and internal factors. Internal factor , these involve (5M's)ManagementManpowermachinematerial andmoney.External factors , these includeMacro factor and micro factors.Macro factors are the one that affect the organization indirectly, these are (pestel)Politicalenviromentsocia-culturaltechnological andEcologicalleagalwhile micro factors are those which affect the organization directly it involvecustomerscompetitorssuppliers andpublic
