Despite the rapid technological advancement and continuous chang in consumers' behavior, Mercedes-Benz was able to sustain its competitive advantage. Nevertheless, the emerging environmental regulations placed by many governments to address climate change had an extensive impact on the automotive industry. To cope with the new legal requirements, Bayerische Motoren Werke AG (BMW), an old direct competitor to Mercedes, has introduced a new line of environmentally-friendly electric cars. Consequently, many Mercedes customers began switching to BMW. Based on the scenario, which of the following general environment trend has affected the automotive industry? * O Economic climate O Legal and political conditions O Demographic trends O Technological change

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
icon
Related questions
Question

Please answer fast

Despite the rapid technological advancement and continuous change
in consumers' behavior, Mercedes-Benz was able to sustain its
competitive advantage. Nevertheless, the emerging environmental
regulations placed by many governments to address climate change
had an extensive impact on the automotive industry. To cope with the
new legal requirements, Bayerische Motoren Werke AG (BMW), an old
direct competitor to Mercedes, has introduced a new line of
environmentally-friendly electric cars. Consequently, many Mercedes
customers began switching to BMW. Based on the scenario, which of
the following general environment trend has affected the automotive
industry? *
O Economic climate
O Legal and political conditions
O Demographic trends
O Technological change
Transcribed Image Text:Despite the rapid technological advancement and continuous change in consumers' behavior, Mercedes-Benz was able to sustain its competitive advantage. Nevertheless, the emerging environmental regulations placed by many governments to address climate change had an extensive impact on the automotive industry. To cope with the new legal requirements, Bayerische Motoren Werke AG (BMW), an old direct competitor to Mercedes, has introduced a new line of environmentally-friendly electric cars. Consequently, many Mercedes customers began switching to BMW. Based on the scenario, which of the following general environment trend has affected the automotive industry? * O Economic climate O Legal and political conditions O Demographic trends O Technological change
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles Of Marketing
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
MKTG 12:STUDENT ED.-TEXT
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:
9781337407595
Author:
Lamb
Publisher:
Cengage
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning