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discuss why The socio-cultural status of the people based on income has to be considered by the marketer.
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Solved in 2 steps
- How might marketers make the most of shifts in the social–cultural environment?list some of the demographic Trends of interest to marketers in your country and discuss whether these Trends pose opportunities or threats for marketersWhy is it important for marketers to consider ‘Demographic environment’? Explain with relevant local examples how ‘Economic environment’ effects marketing strategy.
- Which are the three economic areas of greatest concern to most marketer?In what ways are cultural values changing in America? How are marketers responding to these changes?Which one of these is a negative cultural factor that will affect small retailers? a. consumerism among the youth b. buying more local products c. increasing household incomes d. developing a savings habit among the people
- Which of these is a secondary cultural value? A. food B. fashion C. religion D. love of family5- From the following environmental factors, identify the factor that does not affect consumer behavior: a. Environmental pollution b. Family income level c. Race or nationality d. Urban and rural communitiesMacro environment DOES NOT include which one of the following a. Political system b. Culture of the society c. Demographic factors d. Marketing intermediaries