MARKETING (LOOSELEAF)
MARKETING (LOOSELEAF)
20th Edition
ISBN: 9780357495742
Author: Pride
Publisher: CENGAGE L
Question
Book Icon
Chapter 3, Problem 1DRQ
Summary Introduction

To discuss: The reasons on why environmental scanning and examination is significant to marketers.

Environmental scanning is the procedure of gathering data about occasions and their connections inside an organization's interior and exterior situations.

Expert Solution & Answer
Check Mark

Explanation of Solution

The reasons on why environmental scanning and examination is significant to marketers are as follows:

It is essential to marketers since the two of them impact the organization's procurement of information sources and outputs either legitimately or in any other way. To supervise changes in outside powers that has impact on the organization marketers should rehearse environmental scanning and analysis.

Understanding the present condition of the marketing condition and perceiving the dangers and opportunities emerging from changes inside it help marketing managers evaluate the performance of current marketing efforts and create marketing strategies for the future operations.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
A sample concepts personifying the target market of young adults or teenagers, defined in terms of demographic, psychographic and geographic characteristics.
From a cultural perspective, based on research that you have conducted. Select  three of the listed topics you consider relevant to explore in your discussion that will help a company better understand what it is like to live as a citizen in the country you have chosen: geography, social institutions (e.g., family, education, politics, legal system, and social welfare), religion, living conditions, and language.
'Memories in a box' is a business involved in gift baskets for all occassions and event planning located in Trinidad and tobago a) Provide a brief background of the company.   include the business concept and give justification for the profitability of this venture in the current market or economy.  b) Emphasize the unique selling points of the business.   C) Identify the products and services that the company intends to offer, to include the target market.  d) State the strategic vision and mission for the business.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing