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Macro-environmental factors in marketing

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Kinzo

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Post Tue Jun 25, 2024 10:19 pm

Macro-environmental factors in marketing

Hello! Need marketing advice. What macroenvironmental factors have the greatest impact on my industry? What economic, sociocultural and technological trends should I consider when developing a strategy for my business? How might these factors affect product demand and my company's competitiveness?
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mariannasan

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Post Wed Jun 26, 2024 12:12 am

Re: Macro-environmental factors in marketing

Your business can be significantly affected by macro environment factors such as economic conditions (inflation, unemployment), sociocultural trends (changing consumer preferences, sustainable consumption) and technological innovations (digitalization, artificial intelligence). Economic factors influence purchasing power, sociocultural factors influence product requirements, and technological factors influence production and delivery methods. With these trends in mind, you can develop a strategy to address changing market needs, improve your products, and increase your company's competitiveness.
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howardsmith

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Post Thu Aug 29, 2024 11:44 pm

Re: Macro-environmental factors in marketing

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