Explain the seven external factors that influence business

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Reference no: EM13116365

The marketplace is influenced by a number of different factors. In your own words, describe the seven external factors that could influence business and marketing efforts. Discuss the advantages and disadvantages of two external factors when it comes to marketing product.

* Competitive Environment
* Economic Environment
* Political Legal Environment
* Technological Environment
* Sociocultural Environment
* Demographic Variables
* Natural Environment

Reference no: EM13116365

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