Best Essay Services

  • Refund Policy
  • Revision Policy
  • My Account
  • Home
  • About Us
  • ORDER NOW
  • Sample Papers
  • Contact Us
  • Writing Resources

We Write Student Assignments and Successfully Score High Grades!

Your assignment is in good hands if the writer assigned to work on it is well trained, and with over 3-7 years experience. Submit your instructions now via the Order Button below to get your paper written. We cover over 100+ disciplines; frequently requested being: Essays, Research papers, term papers, thesis/dissertations, reports, projects, among others.

PLACE YOUR ORDER

Boost Your Grades With BestEssayServices.com Writing Team

Do you feel like you have no spare time to rest or attend to your family needs because of homework assignments? Simply contact us! We are available 24/7 to assist you with your homework so that you can have some time off school work.

Can You Write My Paper?

Yes we do! and we understand the anxiety you have when you have to trust another person to complete your paper. Trust us, we will not disappoint! Order your paper with us now..

Timely Delivery

ALL SUBJECTS COVERED: We have over 100+ disciplines covered by our writers. No matter the complexity of your paper, there is a professional writer willing to help.

24/7 Customer Help

EXPERT ASSISTANCE: We have a database of expert writers, who have been with us for over 3-7 years. The quality of your paper is definitely guaranteed.

Affordable Pricing

100% ANONYMITY: While seeking academic writing help, you must be assured of your privacy and confidentiality. We respect your decision to seek for our services.

Thursday, 08 December 2016 / Published in Academic Sample Papers, Essay writing help, Homework Writing Help

Economic Factors Affecting Marketing

Economic Factors Affecting Marketing

Marketing is a key component that determines the success of any business. It determines the brand image of your products in the market. This implies that marketing does not happen in a vacuum. Notably, the many economic factors affecting marketing may cut across all the operations of the company. When these factors come into play, an organization must adjust to get it right and remain ahead of other players in the industry. While entrepreneurs focus on meeting customer needs, they remain conscious of these prevailing factors, which may have direct impact on the performance of business. Tracking and accounting economic trends helps organizations in decision making. Let us look at some these factors in details.

Common economic factors affecting marketing in the world today

The first element that affects marketing is consumer confidence. As an economic indicator, it is a pointer to consumer optimism about economic performance in future. Consumers with higher confidence are more willing and likely to make a purchasing decision than those with low confidence. In other words, your business is likely to thrive when consumer confidence is high. When consumer confidence is high, this could present opportunities for new entrants in the market. In contrast, firms will cut costs during moments when consumer confidence is low in order to maintain profits. In terms of marketing, organizers invest more in marketing strategies like promotion when consumer confidence is high since customers are like to make a buying decision.

Besides consumer confidence, other economic factors affecting marketing revolve around people’s source of income and their ability to meet their needs. Therefore, employment rates will not only determine a company’s marketing approach but also the success of the business sector. Employment depends on economic performance. During economic boom, more job opportunities arise because companies need more workers to meet the rise in demand. This is also the best time to pump resources into marketing with the aim of winning potential consumers who have high purchasing power. On the other hand, when the economy plummets, unemployment rises and consumers lose the purchasing power. During this time, consumer spending will significantly go down because unemployed people lack excess income to spend on consumable goods and services. At this time, organizations also moderate their marketing efforts because of the low sales stemming from inability of potential consumers making a purchasing decision.

How interest rates affect Business Marketing

The business world also depends on interest rates since it determines conditions under which you can acquire credit from lenders. Interest rate is the money a lender charges a borrower. Several small businesses depend on banks and other financial institutions for loans, which serve as a source of business financing. When interest rates are high, companies with debts experience high cost of doing business. In addition, with high interest rates prevailing, consumer spending may go down since such rates discourage consumers from acquiring loans to buy goods like homes, cars, land, etc. in terms of marketing, companies make good from their efforts when rates are low since buyers have more power to purchase goods using credit.

Summary of Economic factors affecting marketing

Generally, the economic factors affecting marketing vary greatly depending on prevailing economic conditions. For example, what effects business in America is not what influences purchasing power in Europe. However, some of these factors transcend regional differences.

Another important factor that determines marketing in the business world is inflation. Inflation determines the rate at which commodity prices increase or fall. High inflation will result into high business expenses such as rent, utilities, and the cost of production materials. When the cost of doing business is high, companies increase the prices to maintain their profits and targets. Inflation reduces consumers’ purchasing power unless they get pay hikes. During such periods, marketing products yields limited results, as everyone is cautious about spending.

Importantly, marketing depends on promotion and advertising expenditure. A company could be willing to do extensive marketing but backs down because of prohibitive rates of advertisers. Similarly, during bad economic times, media outlets may have to lower their rates in order to attract clients. From this analysis, it is evident that economic factors affecting marketing are highly intertwined.

Online essay help

When you get stuck with writing your essays, it would be advisable to seek help. Here at BestEssayServices.Com, we offer essay help online at student friendly rates. You can get in touch with us here or visit our homepage to learn more about us.

 

References:

http://businesscasestudies.co.uk/jessops/responding-to-changes-in-the-market-environment/economic-factors.html#axzz3uJ12DNz5

http://mbaed.tripod.com/marketing101/id9.html

http://smallbusiness.chron.com/economic-factors-affecting-marketing-1699.html

http://www.ehow.com/list_7452714_economic-factors-affect-marketing.html

http://yourbusiness.azcentral.com/economic-factors-affecting-businesses-4557.html

Why are we trusted by Thousands of Students?

We are a flexible writing service provider. Your assignment is assigned to a writer based on his/her expertise and experience. We have put in place measures that ensure that you will never receive a plagiarized paper. As a student, you are also looking for a service provider which is affordable; we therefore have ensured that our prices are affordable and have provided a provision for various discounts.

Do you like the Quality of this sample? Click on the button below to ORDER a non-plagirized paper now

Do you have an assignment on a similar topic?

Do you have an assignment on a similar topic?

Is this your first time visit to our website? Are you writing an assignment on the topic you just read? We would be glad to offer our professional assistance by writing your assignment for you. The writing style will be so academic that you will think you wrote it yourself. You do not have to struggle anymore when we have writers online right now willing to take up your project. Get Homework Help Now!

PLACE YOUR ORDER NOW

Why we guarantee excellent results

Thank guys! I had never handled such a topic before. It was my first assignment in college studies and could not figure out how to hammer it on my own, but your writer did it perfectly

- Submitted 22 Minutes Ago

I expected perfection in terms of grammar and I am happy. Lecturer is always on our head but was pleased with my paper. Once again, thanks a lot, more papers and friends with you.

- Submitted 40 Minutes Ago

Thanks for the good work to save my studies. Will keep in touch with more assignments and refer my whole class to your team. The last 3 papers got me clean straight As, thank you.

- Submitted 3 Hours Ago

TI appreciate help on the assignment. It was hard for me but am good to go now; I needed someone to take up my assignment as I was overwhelmed by my family for the last one month.

- Submitted 12 Hours Ago

Just wanna say thanks for attending to my assignment guyz. Looking for the very best because it looks perfect, will be back with more assignments; and will definitely refer my friends.

- Submitted 2 Days Ago

❮ ❯

Why Getting Homework Help Is A Good Idea For You!

Someone might question the idea of getting homework help, but what if you have reasons why you must get assistance in writing your papers. Apart from homework, you have other important things to do in life. Like a family to take care of, children that need to be attended to, business trips that you have to make and sometimes-family sickness. Would you not attend to these first before writing your essay? This is why we come in handy as the best essay services for all your homework papers.

Best Essay Services writing team understands that your need for paper writing service is not necessarily out of being lazy! Sometimes you need guidance in coming up with an outline, selecting the topic, analyzing data, writing a rough draft, carrying out research, among others. So, do not be anxious about asking for assistance with your homework. Our team of writers will be glad to write your paper, according to your specified instructions, and deliver it within your deadline. Place your order today!

We have a great team of homework writers chosen meticulously by our experienced editorial team. The team comprises of essay writers who can handle any type of assignment that you are in need of. You are in the right place if you are looking for essay help, research help, thesis help, report writing, project writing, case studies, term paper writing, and dissertation help among others. All you need is to specify the type of paper writing service that you need when placing your order.

We have over the years helped thousands of students in need of writing help. This means that we understand and are professionals at academic writing help. Our professional writers will handle any type of paper needed, any format and deadlines. We have customized our platform to allow for orders that take as long as 1-2 months and short deadlines as 3-6 hours. We also have specialized homework writers who handle Masters and PhD papers. We have made essay writing help easy for you!

Submit Assignment Details

Submit your order instructions by filling in the form, and then, submit payment for your order.

Writer is Assigned

Once we receive your order details, the writer is immediately assigned to work on your paper.

Evaluation and Delivery

The completed paper is checked by our editors and then emailed or uploaded to your account.

Need Help? Click On The Chat Button For Help. We Are Available 24/7

  • Free Outline
  • Free Formatting
  • Free Reference Page
  • Free Title page
  • 24/7 Customer Service
  • Free Plagiarism Report
  • Free Revisions
  • Discounts Available

We have an in-house professional team of support that is ready to answer your questions or concerns, or get you started to place your order with us. You can chat, call us or email our support 24/7!

Latest Samples from the blog

Latest Posts

  • Read more + May 29, 2021 By He's Restored in Sample Essay Papers

    Sample Psychology Essay Paper on Social Problems with Adulthood and Ageing

  • Read more + By He's Restored in Sample Essay Papers

    Sample Education Coursework Paper on Quantitative Reason in Research

  • Read more + May 16, 2021 By He's Restored in Sample Essay Papers

    Sample Business Studies Essay Paper on What Is Disruptive Innovation

  • Read more + By He's Restored in Sample Essay Papers

    Sample Holocaust Studies Essay Paper on Genetic Tests

  • Read more + May 15, 2021 By He's Restored in Sample Essay Papers

    Sample Religious Studies Paper on Comprehension and Reflection Assignment – Ecclesiology and the Sacraments

  • Read more + By He's Restored in Sample Essay Papers

    Sample Management Paper on Global Supply Chain Management

  • Read more + May 14, 2021 By He's Restored in Sample Essay Papers

    Sample Essay Paper on Big Brother at the Mall

  • Read more + May 13, 2021 By He's Restored in Sample Essay Papers

    Sample Women and Gender Studies Essay Paper on Racial Stereotypes of African-Americans and Arabs in Popular Culture

  • Read more + By He's Restored in Sample Essay Papers

    Sample Management Admission Essay on Child Care in the Workplace

  • Read more + May 12, 2021 By He's Restored in Sample Essay Papers

    Sample Sociology Essay Paper on Reflection and Discussion on Major Course Research Projects

CHECK 4K+ SAMPLES HERE
Place your order Now
GET STARTED NOW

About Us

BestEssayServices.com offer personalized and comprehensive essay writing help to students with an aim of helping them excel in their academic endeavors. Partner with us for all your academic writing services.

Corporate Info

  • Home
  • About Us
  • Contact Us

Resource Center

  • Sample Papers
  • Writing Resources
  • FAQs

Customer Info

  • Customer Account
  • Revision Policy
  • Refund Policy

Copyright © 2010- BestEssayServices.com. All Rights Reserved to JESUS

TOP