Assignment:
Identify the five components of the marketing environment. The five components of the marketing environment are (1) the competitive environment—the interactive process that occurs in the marketplace as competing organizations seek to satisfy markets; (2) the political-legal environment—the laws and interpretations of laws that require firms to operate under competitive conditions and to protect consumer rights; (3) the economic environment—environmental factors resulting from business fluctuations and variations in inflation rates and employment levels; (4) the technological environment— application to marketing of knowledge based on discoveries in science, inventions, and innovations; and (5) the social-cultural environment—the component of the marketing environment consisting of the relationship between the marketer and society and its culture.
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.