The Uncontrollable Forces in a Marketing Decision Involving Social,economic,technological,competitive,and Regulatory

question 225

Multiple Choice

The uncontrollable forces in a marketing decision involving social,economic,technological,competitive,and regulatory forces are referred to as __________.

• A)the 5 Fs of marketing
• B)environmental forces
• C)business conditions
• D)marketing ecosystem
• E)business sphere

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Definitions:

Innovation

The process of creating new ideas, products, or methods, which bring about significant improvements or competitive advantage.

Product-Development

The process of bringing a new product or service to the market, from the initial idea through design, development, testing, and launch.

Number of Ideas

The quantity of concepts or proposals generated during brainstorming sessions or through creative processes, often a metric in innovation and design thinking.

Long-Range Marketing Plans

Strategic planning documents that outline a company's marketing objectives and strategies for a period of several years.