Card Set Information
Mkt. Chapter 3 part 1
external market environment
customers, the company and competitors
direct market environment
political and legal
cultural and social environments...
3 objective guidelines:
engage in activities that will result in a socially and economically useful function
develop an organization to carry on the business and strategies
earn enough profit to survive
sets out the organizations basic purpose for being.
the number and types of competitors that the marketing manager must face and how they may behave.
an organized approach for evaluating the strengths and weaknesses of current or potential competitors' marketing strategies.
are affected by interest and inflation rates
includes the global economy
makes international transfers faster and easier
affected by the internet!
Nationalism (an emphasis on the nations interest before everything else) can be limiting on international markets
which treats products as stock investments to be sold.
strategic business unit
an organizational unit that focuses on some product-markets and is treated as a separate profit center.