How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Chris Parker Your Own Question
Chris Parker
Chris Parker, Problem Solver
Category: Homework
Satisfied Customers: 2243
Experience:  Master of Computer Applications (MCA). BSc in Mathematics, Physics, and Computer Science.
Type Your Homework Question Here...
Chris Parker is online now
A new question is answered every 9 seconds

Identify the major trends and forces that are influencing ...

This answer was rated:

Identify the major trends and forces that are influencing today's market landscape. If you were to order these trends according to their possible impact, which is the one trend that you feel will have the most impact. Give rationale for your choice.
2. Explain (with examples) the two most important advantages of having satisfied and loyal customers? According to you, which are the top three benefits that a satisfied customer provides to the marketer? Suggest ways by which marketers can develop stronger bonds with their customers?


Please find the first answer below. I will be answering the second question shortly.

Several factors influence today's market landscape. Political, economic, environmental, and socio-cultural forces, and trends related to season, holidays, new market entrants, and region are some of the major factors that influence today's market landscape. Market profitability is influenced by buyer and supplier power, entry barriers, substitute product threat, and rivalry among firms. Demand for variety, preference levels related to service and support, and price sensitivity changes are some of the other influential factors. If I were to order these factors according to their possible impact, then I feel trends created by political factors will have the most impact. Different regions across the world differ greatly in their legal and political approaches which basically determine the extent to which different markets are constrained or facilitated. Politics literally defines the kind of businesses that operate, the way goods are bought and sold, services are delivered, taxes are charged, and concessions are given in a region. Also, stock market prices are greatly affected as they often tend to anticipate and react to changes in political leadership. Added to this, political instability tends to create situations that discourage businesses and directly impact several markets.






You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.
Chris Parker and other Homework Specialists are ready to help you

Related Homework Questions