The Company's Macro Enviroment
Marketing Environment:
The environment of a company includes the actors and forces that affect
its performance. The marketing environment is divided in two parts;
Micro environment:
These are the actors which are close to the company that affect the
company’sability to serve its customers. It includes company, suppliers, market
intermediaries,customers, competitors and publics.
Macro environment:
Larger societal forces that affect microenvironment. These forces
aredemographical, economical, natural, political, technological and cultural
environment.
Demographic Environment:
- The study of human populations in terms of size, density, location, age, gender,race, occupation, and other statistics is know as demography.
- Demographics of our company are as follows:
- Different price ranges and offers for various income groups
- Teens and youngsters age bracket: 15-25 & 26-40 years
- We develop products for both Male and Female
Economic Environment:
The economic environment consists of patterns that affect buying power
and patterns. The economic environment is characterized by more consumer
concern for value and shifting consumer spending patterns. Today’s Squeezed
consumers are seekinggreater value, which is the right combination of good
quality and service at a reasonable price. The distribution of income is also
shifting. So our company has tailored our marketoffers to two different markets
which are: “the affluent” and the “less affluent”Some of the families are
earning Rs 20,000 to 25,000 per month but moderatefamilies that are the big
part of economy are earning above Rs 40,000 per month in which251,428 families
are included which is 16% of Lahore’s population. So this economicfactor
affects the purchasing behavior very effectively.
Political Environment:
There is political instability and terrorism in Pakistan. When the reign
of onegovernment is finished the new government changes all the plans and
actions of the previous government. Due to these factors interest and tax rates
changes and the rate of development decreases. Secondly the government of
Pakistan is not encouraging and promoting the Pakistani companies to compete
with global companies. International pressure is also a hurdle in this regard.
All these factors are hurdles in the promotion of Pakistani products
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