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Which of the following includes a detailed assessment of the competitive, economic, political, legal, regulatory, technological, and sociocultural factors that could affect marketing activities?

Group of answer choices
Executive summary
Performance evaluation
Marketing implementation
SWOT analysis
Environmental analysis

asked
User DazzaL
by
8.8k points

1 Answer

5 votes

Answer: Environmental analysis

Explanation: An environmental analysis includes a detailed assessment of the competitive, economic, political, legal, regulatory, technological, and sociocultural factors that could affect marketing activities. It is a comprehensive evaluation of the external factors that impact an organization's marketing strategies and decision-making. This analysis helps businesses understand the opportunities and challenges present in their market environment and enables them to develop effective marketing plans accordingly. SWOT analysis, on the other hand, focuses on assessing an organization's internal strengths and weaknesses along with external opportunities and threats.

answered
User Mataniko
by
8.5k points
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