The Five Major Environmental Forces in a Marketing Decision Are

question 28

Multiple Choice

The five major environmental forces in a marketing decision are

• A)climate change,natural resources,pollution,natural disasters,and global conflict (war).
• B)social,technological,economic,competitive,and regulatory.
• C)corporate ownership,internal management,supplier relations,manufacturing capabilities,and consumer demand.
• D)product,price,promotion,place,and people.
• E)ethics,sustainability,cultural awareness,diversity,and values.

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Definitions:

Interest

Interest is the cost of borrowing money, typically expressed as a percentage of the principal, or the income earned on deposited funds.

Study

An investigation or analysis of a subject or area of research to acquire knowledge or establish facts.

Descriptive Statistics

The discipline of quantitatively describing the main features of a collection of data.

Statistical Inference

The process of deriving conclusions about a population based on information obtained from a sample of that population.