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What is the 'PEST + D + N' framework?

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Issue:

Business

 

Written by:

Joann B

 

Date added:

February 7, 2015

 

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Grade:

A

 

No of pages / words:

7 / 1860

 

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10028 times

 

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This is show aptly by Applbaum (1998, pp.324) when he states ‘The implicitly held theory of needs and wants underlying and informing market activities’. Here he is saying that the information necessary to market a product comes from the consumer’s needs and wants. Political influences come directly from the government...
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This can be local, state or federal government or the controlling power. The rules and regulations of how business deal with consumers, the expectations and rights of both business and consumers, are delivered by government. In Australia we have what is called the Trade Practices Act 1974, this is a creation of parliament to implement fair trade practices to protect both consumers and businesses, below is an extract from the Trade Practices Act relating to business and how it may not influence the market by monopolizing the market...
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