Factors of marketing
Understand the Problem
The question is asking for the various factors that influence marketing strategies, which may include elements like product, price, place, and promotion, among others.
Answer
Internal, social, competition, economic, regulatory, and technological factors.
Six factors affect marketing strategy: internal, social, competition, economic, regulatory, and technological factors.
Answer for screen readers
Six factors affect marketing strategy: internal, social, competition, economic, regulatory, and technological factors.
More Information
Marketing strategies are influenced by both controllable internal factors and external factors including social trends, competition, economic situation, regulations, and technology advancements.
Tips
A common mistake is to not consider the interplay between these factors, which can lead to strategies that are less effective than anticipated.
Sources
- Six factors that can affect your marketing strategy - marketingdonut.co.uk
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