About Lesson
- Customer variable: number, location, purchasing power, buying behaviour, habit, brand choice,
- Competition variable: structure of industry, nature and intensity of competition, competitor’s strength and weakness etc.,
- Trade variable: Trade practices, trade services, types of intermediaries,
- Environmental variables: Level of technology, government regulations on products, culture and tradition etc.
Marketing process is thus an interaction between the marketing mix and environment, assembling and managing the marketing mix becomes the crux (heart) of the marketing task.
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