Which of the following BEST describes the external environment?

Question

Quizplus · Accepted Answer

The external environment consists of factors outside the organization that can impact its operations and success. These factors include economic conditions, technological advancements, competitive forces, legal and regulatory factors, social and cultural trends, and more. The external environment is constantly changing and evolving, which is why marketing managers must continually monitor and adapt their strategies to remain successful. Although marketing managers cannot control the external environment directly like they can with the internal marketing mix, they can respond to these factors by adjusting their marketing mix accordingly.

Which of the Following BEST Describes the External Environment