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.

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