Exploring the External Factors Affecting a Corporation's Marketing Environment
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Questions and Answers

What is the purpose of studying the marketing environment in strategic planning?

To understand the external forces that can impact the organization's marketing goals and resources.

What is marketing implementation?

The process of organizing and directing a company's marketing initiatives.

What is necessary for successful marketing initiatives?

A well-run marketing department that encourages employees, facilitates effective communication, coordinates efforts, and establishes reasonable deadlines.

What are some external elements that make up the marketing environment?

<p>Competition, the economy, politics, rules &amp; regulations, technology, and society.</p> Signup and view all the answers

What can the external forces in the marketing environment present to an organization?

<p>Risks and possibilities that can impact the organization's overall aims and its ability to obtain resources.</p> Signup and view all the answers

Marketing implementation entails organizing and giving direction to a company's ______ initiatives.

<p>marketing</p> Signup and view all the answers

A well-run marketing department is necessary to carry out ______ initiatives successfully.

<p>marketing</p> Signup and view all the answers

The external forces in the marketing environment may present ______ that enable the organization to meet its marketing goals.

<p>possibilities</p> Signup and view all the answers

The process of putting marketing strategies into practice is known as ______.

<p>marketing implementation</p> Signup and view all the answers

The marketing environment consists of various external elements, including competition, the economy, politics, rules & regulations, ______, and society.

<p>technology</p> Signup and view all the answers

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