Environmental factors can play a major part in a company’s marketing plan. Environmental factors can include social‚ ecological‚ political‚ cultural‚ technological‚ and ethical issues. PepsiCo can face all these issues because they are a global company. Many of these issues can affect PepsiCo’s marketing plan even in different areas of the United States. Larger environmental factors affect the way they market globally with different factors having to be considered in each area of the world. A company
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Environmental Factors MKT 421 March 8‚ 2011 ENVIRONMENTAL FACTORS Nike is an organization that conducts both domestic and global marketing. The environmental factors will be identified that will affect the global and domestic marketing decisions. The following will be addressed as they relate to the organization’s marketing decisions: Analyze the influence of global economic interdependence and the effect of
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Environmental Factors Rod Mathill MKT 421 January 14‚ 2013 Ron Rosalik Environmental Factors One can make little argument that the current economic state of the world is largely dependant upon the whole rather than the one. The old days of a country being able to completely sustain itself are coming to a rapid conclusion. Information technology and global shipping and receiving abilities have really created a global link from one country to the next. The United States was at one time
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The external environmental factors affecting the organized retail industry in india are as follows: • Demographical Environment – The important environmental factor that need proper and continuous monitoring called Demographical Environment. Demography is the study of population and its characteristics. Even India has over millions of retail outlet‚ it still has a long way to go with the international standard of retail industry • Cultural Environment – they influence the consumer’s beliefs‚
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WHAT ARE THE MICRO AND MACRO ENVIRONMENT AFFECTING MARKETING INTRODUCTION A Business principally is the organized effort by individuals in an organization to produce goods and services and to sell these goods and services in a market place to earn a good profit margin. The operating environment for all organizations whether they are commercial‚ charitable‚ governmental‚ or in the public sector more generally‚ is never static and seldom entirely predictable‚ and can therefore profoundly affect a
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Factors affecting development Early Stimulation Studies of the effect of environmental stimulation on an individual ’s development in either general or specific ability conclude that some specific stimulation should be introduced at an early age while a child is still malleable. An intense‚ persistent‚ and regular tutorial approach within the family encourages the development of a special talent or ability and develops learning sets useful in the future. A child must learn the specialized symbolic
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FACTORS AFFECTING DEMAND & SUPPLY OF PETRLO CARS VS OTHER FUEL CARS In India there are basically four types of fuel cars :- 1. Petrol cars 2. Diesel cars 3. LPG cars 4. CNG cars Except these Electric cars are also going to be launched in India. FACTORS AFFECTING DEMAND :- 1) PRICE OF CAR: Demand of a particular commodity is firstly affected by price. It can be seen in the case of cars also. Petrol cars are cheapest among all other fuel cars available
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Factors Affecting Population Cultural Factors In some cultures and religions‚ people are respected more if they have many children resulting in an increased birth rate. For example‚ in some cultures having many children is seen as a sign of virility in men. Conversely‚ some cultures and religions discourage large families though this is rare. This would have the effect of lowering birth rate. Certain religions view birth control and abortion as bad in the eyes of their beliefs. As a result they discourage
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Environmental Analysis The global foodservice sector continues to feel the pressures of the economic recession‚ unstable food and energy prices‚ a fragile housing sector‚ and depleted consumer confidence. Industry players continue to focus on brand differentiation and value-added products to attract consumers. Food demand is rising in tandem with the global population. Increasing urbanization and a general population shift from rural areas to urban areas is causing a change in lifestyle trends
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Analyse the relationships between the factors and explain how they can impact on wellbeing. In Maslow’s hierarchy to reach self-actualisation‚ which is at the top‚ you must go through; the physiological needs‚ safety needs‚ social needs‚ esteem needs to then finally reach the top and these all affect your wellbeing. The factors affecting wellbeing are physical‚ emotional‚ economic‚ social‚ spiritual and cultural. These 6 factors contribute to the quality of people’s lives and affect a person’s
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