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1 vote
Which of the following elements in the marketing environment poses a challenge to both domestic and international markets due to its dominantly uncontrollable nature

1) Promotion
2) Political/Legal Forces
3)Price
4)Channels of Distribution
5) Research Activities

2 Answers

5 votes

Answer:

2) Political/Legal Forces

Step-by-step explanation:

1. To determine the answer, we need to understand the concept of the marketing environment. The marketing environment consists of various factors that influence a company's ability to operate effectively in a given market.

2. In the marketing environment, there are controllable factors (over which a company has some control) and uncontrollable factors (which are beyond a company's control). The challenge lies in managing those uncontrollable factors.

3. The options listed are various elements of the marketing environment: promotion, political/legal forces, price, channels of distribution, and research activities.

4. Among these options, promotion, price, channels of distribution, and research activities can be influenced and controlled to some extent by a company. These factors can be adjusted and adapted based on market conditions and company strategies.

5. However, political/legal forces are typically beyond a company's control. Political factors, such as government regulations, policies, and stability, can significantly impact business operations. Legal forces, such as laws related to trade, intellectual property, and consumer protection, can also present challenges.

6. Political and legal factors can vary greatly between different countries and regions, affecting both domestic and international markets. They can create uncertainties, trade barriers, legal constraints, and compliance challenges that companies must navigate.

7. Given the dominantly uncontrollable nature and the potential challenges posed by political and legal forces, option 2) Political/Legal Forces is the correct answer.

User Shry
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8.0k points
2 votes

Final answer:

Political/Legal Forces are elements in the marketing environment that pose challenges to both domestic and international markets, significantly influencing market structures and trade.

Step-by-step explanation:

The element in the marketing environment that poses a challenge to both domestic and international markets due to its predominantly uncontrollable nature is Political/Legal Forces. Political and legal elements can have significant impacts on the market structures and trade, with issues including trade barriers, changes in political relations between nations, and various market regulations affecting the ease with which companies can operate across borders. Furthermore, international trade is also influenced by technological advancements and globalization, which increase competition and redefine markets, transcending traditional geographical boundaries and creating an interconnected global marketplace.

User John Jackson
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8.4k points