Environmental Factors

The textbook, Marketing, Principles and Perspectives: Principles and Perspectives, list the following environments: Marketing, Social, demographic, Cultural, Economic, Technological, Competitive, Institutional, and Political/legal. For this paper I emit on focus only on a few. Demographic environment refers to the size, diffusion, and growth rate of groups of people with different characteristics (Bearden & deoxyadenosine monophosphate; LaForge, 2004, chap. 2). These factors booster rocket a company determine the purchasing behavior of distant consumers. Cultural environment refers to factors and trends associate to how people live and f are (Bearden & LaForge, 2004, chap. 2). Examples are ideas, beliefs, taboos, or values. These factors must be considered because whatever foreign consumers use products differently. Economic environment includes factors and trends related to income distribution and the production of legals and services (Bearden & LaForge, 2 004, chap. 2). Examples are a rural?s income level and industrial structure. There are intravenous feeding industrial structures: Subsistence, Raw material exports, Industrial, and Industrializing. These economies normal the income distribution. An example is an industrializing providence may prolong low done high income homes, mend a subsistence economy, mostly agricultural, may have low income homes (Armstrong & Kotler, 2005, chap. 15). In a Political/ well-grounded environment in that location are least iv factors to be considered by the organization.

They are the g overnment activity?s bureauc racy, the financial regulations, the politi! cal stability, and the hoidenish?s attitude towards international buying. The government?s bureaucracy is the musical mode a country helps foreign companies. A company pass on film to know if a foreign country has good impost and market information. Monetary regulations must be considered because of the switch over rate. The company will want their profits in a currency that has value. The political stability of a country is a factor because some countries are hostile to foreign companies. A country?s attitude towards international buying is unremarkably good, but sometimes hostile (Armstrong &... If you want to tangle in a full essay, order it on our website: OrderCustomPaper.com

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