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school:classes:ba390:start [20 years ago - 2006/01/19 04:04] – aogailschool:classes:ba390:start [19 years ago - 2007/05/28 06:45] (current) – external edit 127.0.0.1
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 ====== BA 390 ====== ====== BA 390 ======
 +
 +  * [[http://www.gamesindustry.biz/content_page.php?aid=14816|Last week's article]]
  
 ====== Week 1 - Intro ====== ====== Week 1 - Intro ======
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 Economic environment: Factors that affect consumer buying power and spending patterns. Economic environment: Factors that affect consumer buying power and spending patterns.
 +
 +  * Substinence economy: Country consumes most of its own agricultural and industrial output. (Few market opportunities.)
 +  * Industrial economy: Creates many market opportunities.
 +
 +=== Changes in Income ===
 +
 +  * People are spending more carefully, focused on greater value.
 +  * Marketers look for ways to offer greater value -- perfect combination of quality, good service, fair price.
 +  * Pay attention to income distribution.
 +    * Upper-class consumers:
 +      * Spending not affected by economic conditions.
 +      * Major market for luxury items.
 +    * Middle-class:
 +      * Somewhat careful about spending.
 +      * Affords luxury sometimes.
 +    * Working class:
 +      * Sticks close to basics.
 +      * Tries hard to save.
 +    * Under class:
 +      * Welfare.
 +
 +=== Changing Consumer Spending Patterns ===
 +
 +People's spending patterns shift slightly as income increases.
 +  * Decreased food.
 +  * Decreased utilities.
 +  * Increased entertainment.
 +  * Increased insurance.
 +  * Increased most things.
 +
 +==== Natural Environment ====
 +
 +Natural environment: Natural resources that are needed as inputs by marketers or are affected by marketing activities.
 +
 +Marketers should be aware of several trends:
 +
 +  * Shortage of raw materials.
 +  * Increased population.
 +  * Increased gov't intervention in natural resource management.
 +
 +==== Technological Environment ====
 +
 +**Technological environment**: Forces that create new technologies, products, and market opportunities.
 +
 +  * New technologies replace older ones.
 +  * Companies that do not keep up will find their products replaced.
 +  * Gov't agencies investigate and ban unsafe products.
 +
 +==== Political Environment ====
 +
 +**Political environment**: Laws, gov't agencies, and pressure groups that influence various orgs and individuals in a society.
 +
 +=== Legislation Regulating Business ===
 +
 +  *