4..4 Flashcards
What are constraints?
Potential problems that might be encountered when planning and implementing a marketing campaign
What are external constraints?
Legal
Ethical
Social
What are legal constraints?
Businesses must abide by different laws to ensure they do not receive repercussions
What are ethical constraints?
Businesses must keep the wellbeing of its customers and the environment in mind
What are social constraints?
Changing consumer attitude and lifestyle cannot be ignored when designing a marketing mix
What are internal constraints?
Financial
Time
Corporate policy
What are financial constraints?
Influences how a business can afford the type of promotion used
What are time constraints?
Time available conducting market research, design and organise a marketing campaign can have an impact on the method used and the quality of the end product
What are corporate policy restraints?
Contains guidelines for product design, importance of charging a fair price, as well as emphasis on honesty and accuracy when creating marketing messages.