Natural disasters, competitors, economic conditions, political regulations, social trends, and technology are critical external factors to consider when developing a distribution strategy for products. These include calamities, competitor pricing and quality, interest rates and incomes, trade policies, demographic and cultural changes, and technological improvements that can impact flexibility. Considering these external factors is important for effective distribution strategy development.
Natural disasters, competitors, economic conditions, political regulations, social trends, and technology are critical external factors to consider when developing a distribution strategy for products. These include calamities, competitor pricing and quality, interest rates and incomes, trade policies, demographic and cultural changes, and technological improvements that can impact flexibility. Considering these external factors is important for effective distribution strategy development.
Natural disasters, competitors, economic conditions, political regulations, social trends, and technology are critical external factors to consider when developing a distribution strategy for products. These include calamities, competitor pricing and quality, interest rates and incomes, trade policies, demographic and cultural changes, and technological improvements that can impact flexibility. Considering these external factors is important for effective distribution strategy development.
1. What are some of the critical external factors when developing a
distribution strategy for your products? Answer: Natural disasters- Calamities like earthquakes, floods, wildfires, etc. are a few of the natural disasters that should be kept into consideration while developing a distribution strategy. Competitor- If a competitor sells his product with good quality and at a low price, it is also a critical factor for consideration while developing a distribution strategy Economic- Economic factors such as interest rates, employment rates, and disposable income impact the distribution strategy within the marketplace. Political and regulation- Political factors include changes in regulations, trade tariff policies and tax policies. Social factors- These include demographic and cultural trends. How our product attracts customers? Technology- Technology and technical system improves the flexibility These are some critical factors to be considered while developing the distribution strategy. er-performance