Mktg205- Unit 1

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Heather J Lau American Intercontinental University Unit 1 Individual Project MKTG 205 – Principles of Marketing 25 July 2013 Abstract After several chapters of reading and researching, there are multiple environmental forces that can, will and do impact Mars’ Snickers candy bar. This paper will firstly define three of the five marketing forces and closely examine how and why it impacts this Snickers Brand. These Marketing forces can make Mars’ Snickers brand prosper and continue to be a success or result in catastrophic failure. Failure will leave this corporation wondering what they can do to focus on making their product become a multimillion dollar success. Snickers Brand Candy Bar Marketing Forces Introduction Every company that executes a new product or service into society has to know the two key things, what do consumers want and need, also will they be satisfied with the product or service (Kerin, Hartley, & Rudelius, 2013). There are several different dynamics that are examined extensively, when the product makes its debut into the consumer public. Two noticeable dynamics that influence each other are marketing mix and environmental forces. Marketing mix is factors that are controlled by companies that sell Snickers; these are product, place, promotion, and price. Then there are uncontrollable factors that are called environmental forces; these consist of technological, competitive, regulatory, social and economic forces. There are two diverse marketing environments called microeconomics and macroeconomics. Microeconomics is defined as an individual organization that directs its marketing activities and allocates its resources to benefit its customers (Kerin, Hartley, & Rudelius, 2013). Macroeconomics is defined as the study of the aggregated flow of a nation’s products and services to benefit society (Kerin, Hartley, &
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