Essay Questions on Marketing
Q1. Identify three separate tools that can be used for analyzing a market and explain using examples how companies can use these to aid their decision making when planning to expand their export marketing operations
A PESTLE (political, Economic, Social, Technological, Legal and Environmental) analysis is one market analysis tool. The PESTLE factors are a framework for examining all the external factors that affect a business (Murphy, 2004). These factors are then weighed on how they support or impede marketing operations. They are a good indicator of growth and decline in a business. In addition, they can show the potential of a business, help ...