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The Legal System Is Another Factor of the External Environment

question 31

Essay

The legal system is another factor of the external environment that affects how firms market their products. Why do federal, state, and local governments enact regulations affecting marketing? Highlight two laws that have been passed that serve this purpose.


Definitions:

Seasons of Life

A metaphorical way of describing the phases and significant periods of change in an individual's life.

Daniel Levinson

A psychologist known for his theory on adult development, particularly the concept of life stages and transitions that adults experience.

Psychologist

A professional trained in the study of mental processes and behaviors, often specializing in research, counseling, or clinical practice.

Daniel Levinson

A psychologist known for his theory on human development, emphasizing stages of adult life involving tasks and crises.

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