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Explain how social and cultural factors affect a firm’s
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- Explain how changes in the demographic and economic environments affect marketing decisions.Outline and explain what is your understanding of marketing and suggest three reasons why companies engage in marketing?Explain the difference in business markets and consumer markets. Include how the factors of the marketing environment affect each market.
- Discuss in what ways technology affects marketing. Think both from consumers' and marketers' sides.How do the marketing principles apply in various cultural, political, legal, and economic contexts?Explain how the evolution of technologies influences the marketing environment? . How can it be applied in your real life?