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.

Question

Quizplus · Accepted Answer

The five major environmental forces in a marketing decision are social, technological, economic, competitive, and regulatory. These forces are broad factors that can significantly impact a company's marketing strategy and performance. Social factors include demographic trends, cultural norms, and consumer behavior. Technological factors refer to advances in technology that impact product development, distribution, and communication. Economic factors include GDP, inflation, and consumer confidence. Competitive factors relate to the level of competition in the industry and the actions of competitors. Regulatory factors include laws and regulations that can impact pricing, advertising, and product development.

Five Major Environmental Forces in a Marketing Decision Are