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Unit 3
3.4
External Factors that change Marketing Mix
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Cards (5)
Political
and
legal
factors e.g. new
laws
or
political
influences can change the marketing mix
Economic
factors e.g. boom/recession can change the marketing mix
Social
e.g. changes in the
structure
/
habits
of the population can change the marketing mix
Technological
changes e.g.
advancements
that effect the way people shop and see promotions
Competition
e.g. greater competition may mean the benefits of the product have to be
enhanced