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Explore how external factors, such as the economy, competition, suppliers, distribution channels, and political-legal groups affect the marketing function.

Words: 152
Pages: 1
Subject: Marketing

This assignment builds on Assignment 2. It requires recommending a new product or service line and developing a brief marketing plan to launch the new product or service line in the stores of the same company that you selected in Assignment 2.

This assignment provides you with an opportunity to demonstrate the achievement of the following course learning outcomes:
Comprehend the components of an organization’s marketing program including how to plan, price, promote, and distribute goods, services, or ideas.

Identify the marketing relationships both internal and external to an organization.

Explore how external factors, such as the economy, competition, suppliers, distribution channels, and political-legal groups affect the marketing function.

Recognize why and how customers are considered in strategic marketing plans.
Comprehend the concepts of value, quality, customer service, logistics, and supply-chain management.
Identify current challenges and opportunities such as information technology, globalization, marketing ethics and social responsibility, and their impact on marketing practices.