The Marketing Environment The environment forces that affect the company’s ability to serve its customers 1. External Environment 2. Internal Environment External Environment Macro Environment: consist of larger societal forces that affect the entire microenvironment. The six forces making up the company’s microenvironment Demographic Economic Natural Technological Political Cultural Forces Demographic is the study of the characteristics of human populations.
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QUEZON CITY POLYTECHNIC UNIVERSITY BATASAN SATELLITE CAMPUS IBP Road‚ Batasan Hills‚ Quezon City Date: February 4‚ 2013 Entrepreneurial Marketing Chapter 3 THE PHILIPPINE MARKETING ENVIRONMENT Written Report Group 1 Alba‚ Alyanna Marie Cleofe‚ Rancel Delos Santos‚ Ferdinand Espos‚ Norman Linag‚ Stephanie Macasojot‚ Jellie Roxas‚ Derick Villarosa‚ Christilyn INTRODUCTION We all know that the modern economy has affected the marketing practices and philosophies. The
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Nitrocellulose Materials Christian Friedrich Schönbein’s procedure has been widely used. It calls for 1 part cotton to 15 parts acid. concentrated nitric acid concentrated sulfuric acid cotton balls (almost pure cellulose) Nitrocellulose Preparation Chill the acids below 0°C. In a fume hood‚ mix equal parts nitric and sulfuric acid in a beaker. Drop cotton balls into the acid. You can tamp them down using a glass stirring rod. Don’t use metal. Allow the nitration reaction to proceed for about 15
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Critically assess the key segments (both products and market) that the company is dealing in‚ and develop a product/service proposition for these segments. In terms of geographic segmentation‚ the main business segments of WHSmith are divided into Travel stores and High Street stores. The categories and range of its products are offered according to the size and pattern of each retail sector. Travel stores provide limited selection of products and tailored services which are suitable for
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Migration‚ Demographic Transition‚ and Population Control There are many important demographic concepts to understand when studying how population and society work. Migration‚ demographic transition‚ and population control are three of many concepts which play a key role in understanding these ideas. Below are the definitions of these concepts and applications of each around the world. “Migration is defined as any permanent change in residence. It involves the ‘detachment from the
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Introduction Business environment is an element that will affect all the activities of an organization. Besides‚ it will bring firms both opportunities and threats because of its uncertainties. Business environment is uncertain‚ complex & dynamics; organization should apply more flexibility & discontinuity ways to manage them. A firm cannot control the environment because it is unpredictable in its direction and speed of change‚ such as interest rates‚ rate of inflation and exchange rate. Business
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2 2.1 The General Environment The General Environment 2.2 Scanning‚ Monitoring‚ and Forecasting Changes in the Environment Key Work Strategic decision making under conditions of uncertainty 2.3 Scenario Planning Key Work Strategic inflection points and their impact on strategy Tools and Techniques Undertaking scenario planning 2.4 PEST Analysis 2.5 SWOT Analysis 2.6 The General and the Competitive Environments Tools and Techniques Writing a PEST
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Lesson 1 BUSINESS AND ITS ENVIRONMENT NATURE OF BUSINESS Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Businesses vary in size‚ as measured by the number of employees or by sales volume. But‚ all businesses share the same purpose: to earn profits. The purpose of business goes beyond earning profit. There are: • It is an important institution in society. • Be it for the supply of goods and services • Creation of
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successful business people I’ve met over the past 25 years do one thing in common – and they do it extraordinarily well. They monitor their business environment to predict future market trends. They analyse external forces‚ such as their competitive environment‚ economic conditions‚ technological possibilities‚ political and legal forces‚ changes in demographics‚ seasonal factors‚ as well as shifts in social behaviour”. Basically they engage their crystal ball and they do it much better than most. Needless
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Scranton‚ Pennsylvania has a very diverse population full of many different ethnic cultures. There are a variety of sites around the Scranton area that are particularly important to certain ethnic groups‚ the Campus Mosque at the University of Scranton being one of them. This location holds a high importance to the ever-growing Muslim population of Scranton. The Campus Mosque is a house‚ found on Taylor Avenue in Scranton‚ which was renovated into a mosque in 2007. Originally in 1996 the University
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