Term
The Microenvironment includes: |
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Definition
1.The company 2. suppliers 3. marketing intermediaries 4. customers 5. competitors 6. publics |
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Term
Macroenvironment includes |
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Definition
1. demographics 2.cultural 3. economics 4. natural 5. technological 6. political |
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Key U.S. demographic trends |
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Definition
1.Changing AGE structure 2. Canging FAMILY structure 3. Geographic Structure 4. Change in EDUCATION level 5. Change in ethnic and racial diversity |
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Definition
-1946-1964 -78 million -28% of population, 50% of income -political and military superpower -dual income households |
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- 1965-1976 -49 million -cautious economic outlook -socially responsible companies -primary buyers by2010 -cold war, iron curtain, new world order |
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1977-1994 72 million -new products services media cater to gen y -first full gen. in information age -more racially diverse -25% in single parent household -challenging, humor, irony and unvarnished truth |
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made of institutions and other forces that affect a society's basic values, perceptions, preferences, and behaviors |
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People's views of 1. themselves 2. others 3. organizations 4. society 5. nature 6. universe |
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Definition
factors that affect the buying and selling of customers (inflation, recession, income trends) |
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Definition
states with given set of tastes and preferences, as income rises, 1.proportion of income spent on food decreases 2. prop spent on clothing is constant 3. prop of inc on luxury goods increases |
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Definition
natural resources that are needed as inputs or that are affected by marketing activities |
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Natural Environment Trends |
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Definition
1. shortage of raw materials 2. increased pollution 3. increase governement intervention 4. waste disposal/long run implications |
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Term
Technological Environment information age leads to: |
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Definition
1. increase in speed of business 2. removal of geographic boundaries 3. convergence in ideas, values, products 4. loss of privacy 5. removal of personal interaction |
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Definition
1. Rapidly changing 2. creates new mkt. opps 3. renders existing products/ technologies obsolete |
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laws, governemnt agencies and pressure groups that influence and limit 1. increasing legislation (carbon control, patents) 2. increased emphasis on social responsibilty |
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Definition
reacting to a customer complaints and moving forward from them |
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Definition
trying to forecast and be innovative by looking at themes |
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